State Street Launches Affordable Leveraged Loan ETF: A Competitor to Its Own SRLN?
New ETF Launch: State Street Investment Management has launched the SPDR S&P Leveraged Loan ETF (LVLN), expanding its fixed-income offerings and targeting the growing leveraged loans market.
Cost-Effective Option: LVLN features a low gross expense ratio of 40 basis points, making it a more affordable alternative to the actively managed State Street Blackstone Senior Loan ETF (SRLN), which charges 70 basis points.
Investment Strategy: The ETF tracks the S&P USD Select Leveraged Loan Index, focusing on U.S.-dollar-denominated loans with specific size and concentration limits to ensure liquidity and representativeness.
Market Context: As competition in the leveraged loan ETF space intensifies, LVLN's launch is seen as strategically valuable, potentially positioning it as a significant player in the evolving market.
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State Street Launches Affordable Leveraged Loan ETF: A Competitor to Its Own SRLN?
New ETF Launch: State Street Investment Management has launched the SPDR S&P Leveraged Loan ETF (LVLN), expanding its fixed-income offerings and targeting the growing leveraged loans market.
Cost-Effective Option: LVLN features a low gross expense ratio of 40 basis points, making it a more affordable alternative to the actively managed State Street Blackstone Senior Loan ETF (SRLN), which charges 70 basis points.
Investment Strategy: The ETF tracks the S&P USD Select Leveraged Loan Index, focusing on U.S.-dollar-denominated loans with specific size and concentration limits to ensure liquidity and representativeness.
Market Context: As competition in the leveraged loan ETF space intensifies, LVLN's launch is seen as strategically valuable, potentially positioning it as a significant player in the evolving market.
State Street Launches Affordable Leveraged Loan ETF: A Competitor to Its Own SRLN?
New ETF Launch: State Street Investment Management has launched the SPDR S&P Leveraged Loan ETF (LVLN), expanding its fixed-income offerings and targeting the growing leveraged loans market.
Cost-Effective Option: LVLN features a low gross expense ratio of 40 basis points, making it a more affordable alternative to the actively managed State Street Blackstone Senior Loan ETF (SRLN), which charges 70 basis points.
Investment Strategy: The ETF tracks the S&P USD Select Leveraged Loan Index, focusing on U.S.-dollar-denominated loans with specific size and concentration limits to ensure liquidity and representativeness.
Market Context: As competition in the leveraged loan ETF space intensifies, LVLN's launch is seen as strategically valuable, potentially positioning it as a significant player in the evolving market.
