Blackstone (BX) unit GSO Capital files to launch the first actively-managed ETF dedicated to...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX) unit GSO Capital files to launch the first actively-managed ETF dedicated to leveraged loans. So-called leveraged loans rank higher up in the corporate structure than bonds and tend to be floating-rate - offering some protection against rising interest rates, though that may never come.