State Street Blackstone Senior Loan ETF (SRLN) — ()
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State Street Adds New Leveraged Loans ETF
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Sentiment: Positive ()
The ETF industry continues to grow, with new funds arriving all the time. Each year, hundreds of ETFs arrive on the scene, from covered call ETFs to active bond ETFs …
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Access to Bridgewater's Expertise Via ETFs
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Sentiment: Positive ()
State Street Global Advisors, which launched the first U.S.-listed ETF more than 30 years ago, continues to innovate. Today it expanded its lineup to include a global multi-asset allocation ETF.
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About State Street Blackstone Senior Loan ETF SRLN
The State Street Blackstone Senior Loan ETF (the "Fund") seeks to provide current income consistent with the preservation of capital. In pursuing its investment objective, the Fund seeks to outperform the Markit iBoxx USD Liquid Leveraged Loan Index (the "Primary Index") and the Morningstar LSTA U.S. Leveraged Loan 100 Index (the "Secondary Index") by normally investing at least 80% of its net assets (plus any borrowings for investment purposes) in Senior Loans. For purposes of this 80% test, "Senior Loans" are first lien senior secured floating rate bank loans.Access the investment management experience of Blackstone Credit & InsuranceSeeks to provide access to active management in the highly inefficient loan marketA Senior Loan is senior to all unsecured claims against the borrower and senior or equal to all other secured claims, meaning that, in the event of a bankruptcy, the Senior Loan, together with other first lien claims, is entitled to be the first to be repaid out of proceeds of the assets securing the loans, before other existing claims or interests receive repayment