The SPDR DoubleLine Total Return Tactical ETF (NYSE: TOTL) is bond king Jeffrey Gundlach's first foray into the world of exchange traded funds. Given TOTL's rapid success, perhaps the only lingering questions are “What took him so long to get involved with ETFs?” and “When is a follow-up to TOTL coming?”
At this point, what is clear is that TOTL is an undeniable success as the ETF's ascent to $1 billion in assets under management proves. TOTL debuted on February 23, meaning the fund has need just about six months of trading to hit $1 billion.
TOTL's success is all the more impressive when considering some key factors. First, 2015 has been a trick year for bond funds, including ETFs, because financial markets have all but accepted that the Federal Reserve will be raising interest ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5764416/gundlachs-first-etf-is-a-smash-hit-tops-1-billion-in-assets alt=Gundlach's First ETF Is A Smash Hit, Tops $1 Billion In Assets>Full story available on Benzinga.com
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