DoubleLine Asset-Backed Securities ETF (DABS) Stock News

DoubleLine has launched its new Asset-Backed Securities ETF (DABS) on the NYSE Arca Exchange, focusing on high-grade asset-backed securities (ABS). The actively managed ETF aims for long-term total return and current income generation through investments in various ABS, including those backed by consumer loans and hard assets like aircraft, shipping, data centers, and infrastructure.

The fund is managed by Portfolio Managers Andrew Hsu and Fifi Wong, who have been with DoubleLine since its 2009 founding. The company's ABS team currently manages $4.7 billion in ABS across multi-sector portfolios. This new ETF offers investors access to a diversified, high-grade ABS portfolio through an actively managed exchange-traded vehicle.