Panagram Structured Asset Management has introduced its second ETF, the Panagram AAA CLO ETF (CLOX), focusing on capital preservation by investing in AAA-rated collateralized loan obligations (CLOs). CLOX aims to provide investors with exposure to the $1.4 trillion senior secured loan market, historically known for its robust performance with no AAA-rated bond defaults in over 25 years. The ETF offers a diverse portfolio of AAA-rated CLO bonds, promising higher yields than similar investments and low correlation to traditional stocks and bonds. CLOX is actively managed by Panagram’s CLO specialists and is designed to deliver consistent monthly income with limited downside risk. A portion of its management fees will be donated to support community efforts in New York City.
Panagram Structured Asset Management Launches Panagram AAA CLO ETF (CLOX) to Offer Access to AAA-Rated CLO Bonds