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Wednesday, June 19, 2013|
An SSgA Product Wins the New ETF Race, So Far
IndexUniverse listed which new ETFs have gathered the most assets since the beginning of the year.
The SPDR Blackstone/GSO Senior Loan ETF [profile] is two months old and gathered the most assets at $279 million. The ETF is one of a kind, It's an actively managed senior loan ETF. So what is the reason it's working? Paul Baiocchi, senior ETF specialist at IndexUniverse explains:
As rates go up, so too do yields on senior loans. Of course, there’s the potential for a lag—as long as three months—but the allure of higher, market-adjusting yields is clearly striking a chord for many investors.The number two pick was Barclays ETN+Select MLP ETN with $136 million. Coming in third place was the AdvisorShares Newfleet Multi-Sector Income ETF [profile] with $84.4 million under management.
Printed from: MFWire.com/story.asp?s=44315
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