Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
You know what they say: CLOs one door, and another opens.
One of the fastest-growing areas of the ETF industry is in collateralized loan obligations, strategies that hold below-investment-grade, floating-rate loans with varied levels of income and risk. Janus Henderson's CLO ETF (JAAA), the largest fund in this category, recently surpassed $30 billion in AUM, according to the company. The milestone is the latest indicator of these funds' ongoing popularity, but it's not alone. In June, Pacer ETFs and Barings launched two funds focusing on CLOs and secured credit, and earlier this year, Fidelity brought two new active strategies to market. "With the growth of the CLO market and the way the ETFs trade, they're able to take active strategies into the CLO ****** e, which is kind of a whole new area for the wealth market," Greg Stumm, CEO of American Beacon Partners, told ETF Upside in June.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: Leveraged ETF Craze Turns Its Sights to Other Funds and The ETF Searching for Alpha Without the Male
#sign #daily #clos #active
You know what they say: CLOs one door, and another opens.
One of the fastest-growing areas of the ETF industry is in collateralized loan obligations, strategies that hold below-investment-grade, floating-rate loans with varied levels of income and risk. Janus Henderson's CLO ETF (JAAA), the largest fund in this category, recently surpassed $30 billion in AUM, according to the company. The milestone is the latest indicator of these funds' ongoing popularity, but it's not alone. In June, Pacer ETFs and Barings launched two funds focusing on CLOs and secured credit, and earlier this year, Fidelity brought two new active strategies to market. "With the growth of the CLO market and the way the ETFs trade, they're able to take active strategies into the CLO ****** e, which is kind of a whole new area for the wealth market," Greg Stumm, CEO of American Beacon Partners, told ETF Upside in June.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: Leveraged ETF Craze Turns Its Sights to Other Funds and The ETF Searching for Alpha Without the Male
#sign #daily #clos #active
2 days ago
