First Trust Launches Bank Loan ETF
May 02, 2013 at 10:13 AM EDT
First Trust on Thursday listed a new exchange traded fund for senior bank loans that will compete against three existing ETFs in the hot sector. First Trust Senior Loan Fund (NasdaqGM: FTSL) will be actively managed. PowerShares Senior Loan Portfolio (NYSEArca: BKLN) is by far the largest ETF in...