While the US Federal Reserve is expected to remain patient while inflation remains benign, many investors believe the central bank is likely to start raising interest rates later this year. When the Federal Open Market Committee meets in mid-June, most investors would search for hints of an imminent rate hike in America in nearly a decade. In anticipation, many market …
New ETFs On The Block: First Trust Senior Loan ETF (FTSL)
First Trust Advisors, the Wheaton, Il-based money manager known for its niche strategies, has launched its fourth actively managed ETF. The First Trust Senior Loan ETF (FTSL) is expected to compete with the recently launched SPDR Blackstone/GSO Senior Loan ETF (SRLN). Debuted last month, SRLN is also actively managed and has already accumulated assets of more than $160 million. FTSL …