State Street Global Advisors Head of Research David Mazza joined ETF Trends Publisher Tom Lydon at the ETF.com Inside ETFs conference in Hollywood, Fla. to discuss State Street’s partnership with Jeff Gundlach’s DoubleLine Capital on the new SPDR DoubleLine Total Return Tactical ETF (NYSEArca: TOTL).
The actively managed SPDR DoubleLine Total Return Tactical ETF is Gundlach’s initial entry into the ETF arena. Gundlach will be the portfolio manager for the new ETF, which will be advised by State Street Global Advisors.
“Investors are concerned about rising interest rates, they’re concerned about the bond market in general,” said Mazza. “In investment-grade fixed income, active managers, particularly those with an expertise actually have the ability to consistently outperform. Now you can get access to it with the cost-efficiency and ease-of-use of an ETF.”
Los Angeles-based Double Line currently offers mutual funds including fixed income 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.
Watch the video below to see the full interview.
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