JHG News: ETFs charge into collateralised loan obligations - 1st Jun 2023, 2:00pm

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Since the first two US exchange traded funds offering exposure to collateralised loan obligations launched in 2020, seven more have come to market, Morningstar data shows. In all, the ETFs have about $2.8bn in assets under management. CLOs performed strongly during the Federal Reserve’s recent tightening cycle compared with the broader investment-grade bond market, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services.

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