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State Street launches SPDR Loomis Sayles Opportunistic Bond ETF
By Marisa Wong
Los Angeles, Sept. 28 – State Street Global Advisors announced the launch of the SPDR Loomis Sayles Opportunistic Bond ETF (OBND).
The exchange-traded fund provides exposure to a mix of investment-grade, high-yield, non-U.S. dollar denominated debt, leveraged loans and securitized issuers.
The actively managed fund sub-advised by Loomis Sayles was developed to help investors navigate ever-changing global credit conditions, according to a press release.
State Street Global Advisors is the Boston-based asset management business of State Street Corp.
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