Actively managed exchange-traded funds have failed to capture investors’ imagination in the US despite the overall ETF industry growing apace with assets under management crossing $2 trillion in 2015. Actively managed fixed income funds, however, have fared better by cornering two-thirds of the $24 billion overall active niche. New York-based Guggenheim Partners – the eighth largest US ETF issuer, recently …
New ETFs On The Block: SPDR Doubleline Total Return Tactical ETF (TOTL)
Jeffry Gundlach, the famed bond-fund manager of DoubleLine Capital that oversees $64 billion in assets, recently got involved with State Street Global Advisors (SSgA) to launch its first exchange-traded fund in the country. The newly launched SPDR DoubleLine Total Return Tactical ETF (TOTL) is an actively-managed fund that will face the challenges in a slowly evolving fixed-income landscape and will …