US credit-focused asset manager Palmer Square Capital Management will enter European ETFs with three strategies that capture collateralized loan obligations (CLOs).
Mission Woods, Kansas-based, said it will look to target European institutional investors with three ETFs in “early 2025,” starting with the introduction of the Palmer Square EUR CLO Senior Debt Index ETF.
The company’s first launch in Europe will provide actively managed exposure to AAA and AA rated collateralized loan obligations denominated in Euro and US Dollars.
Palmer Square will also launch passive products that provide access to the company’s expertise in senior tranches of collateralized loan obligations.
The fund’s promoter currently has more than $33 billion in assets under management (AUM), including the $28 million NYSE-listed Palmer Square Credit Opportunities ETF (PSQO).
Angie Long, the firm’s CTO and Portfolio Manager, commented: “The launch of these ETFs in Europe underscores our commitment to providing cutting-edge solutions in complex investment environments around the world.
“By leveraging our proprietary standards trusted by institutions around the world, these new products provide efficient access to a unique and compelling asset class, underscoring our commitment to creating value for institutional and professional investors.”
Taylor Moore, Managing Director and Portfolio Manager at Palmer Square, added: “The institutional appetite for our CLO indices and European debt products further underscores the demand for these innovative ETFs.
“Our ability to manage and develop these products entirely in-house ensures operational independence and best-in-class execution.”
The upcoming launches follow the arrival of the Janus Henderson Tabula EUR AAA CLO UCITS ETF (JCLO) last week.
Invesco has also applied to launch a pair of CLO ETFs with the Central Bank of Ireland (CBI) after understanding the regulator was prepared to change its stance on exposure.
This was the article Originally published By etf.com’s sister publication ETF Stream.