Palmer Sq. Arriving in Europe With 3 CLO ETFs | finance news
U.S. credit-focused asset supervisor Palmer Sq. Capital Administration will enter European ETFs with three methods capturing collateralized loan obligations (CLOs).
The Mission Woods, Kansas-based firm stated it’s going to look to focus on European institutional buyers with a trio of ETFs in “early 2025”, beginning with the submitting of the Palmer Sq. EUR CLO Senior Debt Index ETF.
The firm’s maiden Europe launch will present actively managed publicity to euro and US dollar-denominated AAA- and AA-rated CLOs.
Palmer Sq. may also launch passive merchandise offering entry to the firm’s experience in senior tranches of CLOs.
The fund promoter presently boasts more than $33 billion in belongings below management (AUM), together with the NYSE-listed $28 million Palmer Sq. Credit score Alternatives ETF (PSQO).
Angie Lengthy, the firm’s CIO and portfolio supervisor, commented: “The launch of these ETFs in Europe underscores our commitment to delivering cutting-edge solutions in complex investment environments across the globe.
“Leveraging our proprietary benchmarks trusted by institutions worldwide, these new products offer efficient access to a unique and compelling asset class, affirming our commitment to creating value for institutional and professional investors.”
Taylor Moore, managing director and portfolio supervisor at Palmer Sq., added: “Institutional appetite for our proprietary European CLO indices and debt products further underscores the demand for these innovative ETFs.
“Our ability to manage and develop these products entirely in-house ensures operational independence and best-in-class execution.”
The incoming launches comply with the arrival of the Janus Henderson Tabula EUR AAA CLO UCITS ETF (JCLO) final week.
Invesco has additionally filed to launch a pair of CLO ETFs with the Central Financial institution of Eire (CBI) after understanding that the regulator is set to change its stance on the publicity.
This text was initially revealed by etf.com sister publication ETF Stream.
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