Who's that swooshing over the streets, leaping nimbly from building to building, snaring total returns in his webbing?
Why, it just might be Jeffrey Gundlach
has partnered with State Street
to launch an active ETF dubbed the SPDR DoubleLine Total Return Tactical ETF
The fund, according to the SEC Filing
, will be managed by Gundlach and Philip Barach, and will seek total return by investing "up to 25% of its assets in corporate and sovereign high yield securities (commonly known as “junk bonds”)."
Industry pubs such as Barron's
, ETF Trends
, and Bloomberg
say the product is a direct jab at Bill Gross's Pimco Total Return ETF
And there he goes. Your friendly neighborhood debt specialist rushes off to save the day again.
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