The actively managed SPDR DoubleLine Total Return Tactical ETF comes to market at a time when fixed income ETFs are shattering inflows records. As of Feb. 12, bond ETFs had added nearly $20 billion in new assets this year. Five of this year’s top-10 asset gathering ETFs are bond funds. [Record Inflows to Bond ETFs]
Los Angeles-based Double Line currently offers mutual funds including bond funds focusing on low duration bonds. The firm also offers multi-asset strategies as well as a mutual fund focusing on small-cap stocks. The firm reportedly pulled in $3 billion in new assets last month. TOTL, the new ETF, will charge 0.55% per year.
Increased demand for the products and the potential for a more favorable regulatory environment could make actively managed ETFs a $500 billion asset class by 2020, according to new report by SEI Investments.
For the week ended Feb. 13, there were 119 U.S-listed actively managed ETFs with a combined $18.8 billion in assets under management.
Advisors can register for Wednesday’s DoubleLine/State Street webcast here.