In February 2015, State Street Global Advisors and DoubleLine Capital launched the SPDR DoubleLine Total Return Tactical ETF (TOTL), which offered access to DoubleLine’s active investment management. Attracting over $1.7 billion during its first ten months, TOTL was the fastest-growing ETF launched in all of 2015. Net assets under management in the SPDR DoubleLine Total Return Tactical ETF totaled over $2.2 billion as of March 31, 2016.
EMTL seeks to provide high total return from current income and capital appreciation. EMTL is managed by Luz Padilla, director of DoubleLine’s International Markets Fixed Income Team, Mark Christensen and Su Fei Koo. The fund seeks to maintain a weighted average effective duration between two and eight years through active security selection that combines bottom-up research with sovereign macro overlays.
James Ross, executive vice president and global head of SPDR Exchange Traded Funds at SSGA, said its clients have been asking us for solutions to help them navigate ongoing bond market uncertainty,
He added they were pleased to be expanding their relationship with DoubleLine to seek to help clients address this challenge.
“These additions to the SPDR line-up provide investors with new actively managed fixed income ETFs that may be able to help strengthen and complement core bond holdings,” Ross said.