State Street\u00a0Investment Management\u00a0has launched its first active ETFs in Australia in partnership with\u00a0private credit manager\u00a0Blackstone.\u00a0<\/p>\n
State Street Blackstone Senior Loan (AUD Hedged) Active ETF\u00a0(SBSL)\u00a0and State Street Blackstone High Income (AUD Hedged) Active ETF\u00a0(SBHI)\u00a0are set to list on the ASX on 7 August.\u00a0\u00a0<\/p>\n
SBSL\u00a0seeks\u00a0to provide exposure to primarily sub-investment grade floating rate senior secured bank loans, while SBHI is an income-focused ETF that\u00a0seeks\u00a0to provide exposure to a dynamic allocation across liquid credit markets.\u00a0<\/p>\n
Both vehicles are feeder\u00a0funds\u00a0that\u00a0invest\u00a0in\u00a0two\u00a0existing US ETFs\u00a0\u2013\u00a0the US$5.2 billion\u00a0State Street Blackstone Senior Loan ETF\u00a0and the US$569 million\u00a0State Street Blackstone High Income ETF\u00a0\u2013 which launched in 2013 and\u00a02022\u00a0respectively.\u00a0<\/p>\n
Developed in collaboration with Blackstone, SBSL and SBHI offer investors access to Blackstone\u2019s credit\u00a0expertise, proprietary research, and scale, delivered through a transparent and liquid ETF structure.\u00a0<\/p>\n
State Street Investment Management will have a total of 19 ETFs listed on the ASX following the addition of the two new ETFs.\u00a0August also marks 25 years since it listed\u00a0the\u00a0first ETFs in Australia, the\u00a0State Street\u00a0SPDR S&P\u00a0ASX 200 ETF\u00a0and State Street SPDR S&P ASX 50 ETF.\u00a0<\/p>\n
Flora\u00a0Herries, head of APAC product at State Street Investment Management,\u00a0said:\u00a0\u201cSBSL is the first ETF in Australia primarily\u00a0allocating\u00a0to US senior loans, offering investors access to the $2.87 trillion segment of the US corporate credit market.\u00a0<\/p>\n
\u201cWith bank hybrids being gradually phased out, many investors are seeking alternative high yield solutions. These ETFs offer attractive income opportunities by accessing the higher yielding segments of the corporate bond market.\u201d\u00a0<\/p>\n
Dan Leiter, global head of liquid credit strategies and head of international for Blackstone Credit & Insurance, said: \u201cWe are pleased to partner with State Street to expand access to liquid credit in Australia, a market with deep significance to our investment history and longstanding relationships, and to introduce new products that channel our expertise across our $185 billion global liquid credit platform.\u00a0\u00a0<\/p>\n
\u201cThis partnership underscores our commitment to broadening our credit capabilities for a diverse investor base across the Asia Pacific region, where we continue to expand our platform and teams.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"State Street\u00a0Investment Management\u00a0has launched its first active ETFs in Australia in partnership with\u00a0private credit manager\u00a0Blackstone.\u00a0 State Street Blackstone…\n","protected":false},"author":2,"featured_media":831998,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[404715,64,63,20830,86770,404716,44,160582],"class_list":["post-831997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-active-etf","tag-au","tag-australia","tag-blackstone","tag-etf","tag-fund-launch","tag-news","tag-state-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/831997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=831997"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/831997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/831998"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=831997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=831997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=831997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}