State Street Global Advisors has announced that assets in the SPDR DoubleLine Total Return Tactical ETF (TOTL) have surpassed USD1 billion.
Developed through a partnership between SSGA and DoubleLine Capital, TOTL was launched on February 23, 2015, and has attracted over USD1 billion of asset inflows during its first six months – making it the fastest growing ETF launched in 2015.1
“With the possibility of higher interest rates in the near future, but the need for income remaining paramount, investors are reevaluating their approach to managing the core of their fixed income portfolios,” says James Ross (pictured), executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “TOTL offers the active management expertise and skill of DoubleLine and this asset milestone illustrates both the shared challenges and appeal of the solution offered through this SPDR ETF to institutions, financial advisors and retail investors.”
Managed by Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine Capital, Philip Barach, DoubleLine president, and Jeffrey Sherman, portfolio manager and member of the firm’s Fixed Income Asset Allocation Committee, TOTL combines traditional fixed income investment sectors of the Barclays US Aggregate Bond Index and fixed income asset classes outside the index with the goal of maximising total return over a full market cycle through active sector allocation and security selection.
