Bringing you live news and features since 2006 

State Street Global Advisors makes ETF debut on Bats


State Street Global Advisors (SSGA) has become the latest exchange traded fund provider on Bats with the listing of the SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and the SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT).

The SPDR DoubleLine Short Duration Total Return Tactical ETF (STOT) seeks to maximise current income with a weighted average effective duration between one and three years. STOT is managed by Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine Capital, Philip Barach, DoubleLine president and Jeffrey Sherman. The fund seeks to maximise total return over a full market cycle through active sector and security selection across a broad range of fixed income securities that could include issues or guarantees by the U.S. government, foreign and domestic corporate bonds, emerging market bonds and agency and non-agency mortgage backed securities. STOT has a gross expense ratio of 0.50 per cent and a net expense ratio of 0.45 per cent.

The SPDR DoubleLine Emerging Markets Fixed Income ETF (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.

EMTL offers actively managed exposure to fixed income instruments from emerging market sovereign and corporate issuers, with no more than 20 per cent of assets allocated to a single country or in fixed income securities that are unrated or rated BB+ or Ba1 or lower. The SPDR DoubleLine Emerging Markets Fixed Income ETF has a gross expense ratio of 0.75 per cent and a net ratio of 0.65 per cent.

“We are excited State Street has entrusted Bats as the listing venue for these two new ETFs and we look forward to a strong partnership,” says Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats. “As a pioneer and thought leader in the ETF industry, State Street Global Advisors has been a pivotal force in the growth and development of the industry and helping investors reach their investment goals with their innovative products and services.”

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by