There's a new type of ETF in the world, fundsters.

In a world of extreme categorization, a new grouping was created this week, with State Street [profile] and Blackstone Group launching the first ever actively managed ETF centered on senior bank loans, according to a Reuters report.

The fund is called the SPDR Blackstone GSO Senior Loan ETF and has the ticker SRLN.

For more details, check out the original article here. 

Edited by: Ben Geier


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