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Wednesday, October 14, 2015

SSgA Says, "Play It Again, Gundlach"

News summary by MFWire's editors

Jeffrey Gundlach and State Street Global Advisors (SSgA [profile]) are at it again.

Jeff Gundlach
DoubleLine Capital
Chief Executive Officer
It's no surprise that Gundlach's DoubleLine [profile] and SSgA want to work some more magic together. The pair teamed up for one of the year's most successful new mutual fund launches, the SPDR DoubleLine Total Return Tactical ETF. Since launching in February, the actively managed fund has brought in nearly $1.3 billion in net inflows.

Now, as reported by ETF.com and Reuters, SSgA plans to launch two more DoubleLine-powered, actively-managed ETFs: the SPDR DoubleLine Short Term Total Return Tactical ETF and the SPDR DoubleLine Emerging Markets Fixed Income ETF.

There's no word yet on pricing or tickers for the two planned ETFs. Gundlach himself, DoubleLine's famous chief who is sometimes dubbed "the new bond king," will help PM the short term total return tactical ETF. 

Edited by: Neil Anderson, Managing Editor

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