Gundlach, State Street Launch Total Return ETF

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Gundlach, State Street Launch Total Return ETF

State Street (STT) and DoubleLine Capital launched an ETF Tuesday, hoping to capitalize both on the continuing outflows from products sold by fixed-income rival PIMCO and the growth in DoubleLine’s popularity. The new fund is called the SPDR DoubleLine Total Return Tactical ETF (TOTL). “We view this as a unique offering that pairs SPDR’s experience as…

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