U.S. credit-focused asset supervisor Palmer Sq. Capital Administration will enter European ETFs with three methods capturing collateralized mortgage obligations (CLOs).
The Mission Woods, Kansas-based agency mentioned it should 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 agency’s maiden Europe launch will present actively managed publicity to euro and US dollar-denominated AAA- and AA-rated CLOs.
Palmer Sq. will even launch passive merchandise offering entry to the agency’s experience in senior tranches of CLOs.
The fund promoter presently boasts greater than $33 billion in property underneath administration (AUM), together with the NYSE-listed $28 million Palmer Sq. Credit score Alternatives ETF (PSQO).
Angie Lengthy, the agency’s CIO and portfolio supervisor, commented: “The launch of those ETFs in Europe underscores our dedication to delivering cutting-edge options in advanced funding environments throughout the globe.
“Leveraging our proprietary benchmarks trusted by establishments worldwide, these new merchandise supply environment friendly entry to a novel and compelling asset class, affirming our dedication to creating worth for institutional {and professional} buyers.”
Taylor Moore, managing director and portfolio supervisor at Palmer Sq., added: “Institutional urge for food for our proprietary European CLO indices and debt merchandise additional underscores the demand for these revolutionary ETFs.
“Our potential to handle and develop these merchandise solely 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 ready to alter its stance on the publicity.
This text was initially printed by etf.com sister publication ETF Stream.
