State Street, Blackstone Launch Retail-Friendly High-Yield ETF
- HYBL’s portfolio is split between junk bonds and senior loans
- ETF is aimed to bring Blackstone’s strategies to individuals
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State Street Global Advisors and Blackstone Credit are combining forces to bring a high-yield exchange-traded fund to the masses.
The SPDR Blackstone High Income fund (ticker HYBL) launches Thursday and consists of a 50-50 combination of high-yield bonds and senior loans. It’s the partnership’s first ETF since the $10 billion SPDR Blackstone Senior Loan ETF (SRLN) debuted in 2013.