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Blackstone feeds ETF frenzy expanding to loans: credit markets

By Bloomberg News

 |   

  April 30, 2012

Exchange-traded funds, after amassing $28 billion of junk bonds in five years, are expanding into leveraged loans as demand rises for investments that protect against inflation. Blackstone Group LP, the world’s largest private-equity firm, is partnering with Boston-based State Street Corp. to create an ETF for speculative-grade loans, according to a regulatory filing. Invesco Ltd., which attracted $158 million to its 14-month-old loan ETF in the first quarter, started its second fund in Canada this month, a separate filing shows.

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