BlackRock Launches New Actively Managed AAA CLO ETF

BlackRock has just unveiled the expansion of their fixed-income ETF suite with the launch of the BlackRock AAA CLO ETF (CLOA). CLOA plans to follow a portfolio of U.S. dollar-denominated AAA-rated collateralized loan obligations (CLOs) which is a bundle of loans that are below investment grade rank. CLOs are usually investment grade though due to credit enhancements and diversification.

ETF Newz Says:

CLOs have mainly been offered to institutional investors but have been offered in a few ETFs now to solid success.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE
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