SPDR Blackstone/GSO Senior Loan (NYSEArca: SRLN), an active ETF, has grown to more than $400 million in assets after launching in April. [Senior Loan ETFs Face New Actively Managed Rival]
“Investors’ apparent enthusiasm for the fund is likely attributable to name recognition. Blackstone is an institutional asset manager that specializes in private equity. GSO is a subsidiary of Blackstone that focuses on credit-oriented alternative investments,” Strauts noted.
“SRLN’s 0.90% expense ratio is low relative to actively managed bank-loan funds. The fund has a current SEC yield of 2.7%,” he added.
Elsewhere in bank loan ETFs, Highland/iBoxx Senior Loan (NYSEArca: SNLN) is index-based, while First Trust Senior Loan Fund (NasdaqGM: FTSL) is actively managed. [Bank Loan ETFs: Active or Passive?]
