New ETF Launch: State Street Investment Management has launched the SPDR S&P Leveraged Loan ETF (LVLN), expanding its fixed-income offerings and targeting the growing leveraged loans market.
Cost-Effective Option: LVLN features a low gross expense ratio of 40 basis points, making it a more affordable alternative to the actively managed State Street Blackstone Senior Loan ETF (SRLN), which charges 70 basis points.
Investment Strategy: The ETF tracks the S&P USD Select Leveraged Loan Index, focusing on U.S.-dollar-denominated loans with specific size and concentration limits to ensure liquidity and representativeness.
Market Context: As competition in the leveraged loan ETF space intensifies, LVLN's launch is seen as strategically valuable, potentially positioning it as a significant player in the evolving market.
Wall Street analysts forecast LVLN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LVLN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast LVLN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LVLN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 25.310
Low
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Current: 25.310
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
