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.
Gundlach's
DoubleLine 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. 
Edited by:
Tommy Fernandez
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