Since Thursday, the first exchange-traded fund issued by Palmer Square has been tradable on Xetra and Börse Frankfurt.
The Palmer Square EUR CLO Senior Debt Index UCITS ETF is passively managed and invests in a diversified portfolio of European floating rate collateralized loan obligations (CLOs) denominated in euros. At least 80 percent of the fund’s net assets are invested in AAA-rated CLOs. Up to 20 percent of net assets can be invested in CLOs with a rating below AAA, provided they have an investment grade rating.
CLOs are securitized loan portfolios that are collateralized by a bundle of corporate loans and offer different risk profiles and return opportunities.
The ETF is available to investors in various trading currencies on Xetra: EUR, USD, GBP and CHF.
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Palmer Square EUR CLO Senior… |
