(Bloomberg) -- An exchange traded fund that buys exposure to lower-rated collateralized loan obligations has surpassed $1 billion of assets, another...
-- An exchange traded fund that buys exposure to lower-rated collateralized loan obligations has surpassed $1 billion of assets, another milestone for fast-growing CLO funds in a market once open only to institutional investors.Bold and Bloodied Trump Seizes the Moment After Being ShotThe ETF by Janus Henderson , which focuses on buying CLO bonds rated from BBB+ to B-, has grown by around 50% over the last month thanks to an influx of cash into retail funds that buy CLO s.
“CLOs have historically been less correlated with the investment grade and high yield segments of the bond market and offer attractive yield on a relative basis,” said John Kerschner, a portfolio manager and head of US securitized products at Janus Henderson. Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal.Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion
Investors are buying individual stocks at a record pace as market-beating bets dwindle to lowest ever
Bloomberg Collateralized Loan Obligations CLO Cash Flows Exchange Traded Fund CLO Etfs Assets Under Management
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