Credit-focused asset manager Palmer Square Capital Management will enter European ETFs with three strategies capturing collateralised loan obligations (CLOs).
The firm said it will look to target European institutional investors with a trio of ETFs in “early 2025”, starting with the filing of the Palmer Square EUR CLO Senior Debt Index ETF.
The firm’s maiden Europe launch will provide actively managed exposure to euro and US dollar denominated AAA and AA rated CLOs.
Palmer Square will also launch passive products providing access to the firm’s expertise in senior tranches of CLOs.
The fund promoter currently boasts more than $33bn assets under management (AUM), including the NYSE-listed $28m Palmer Square Credit Opportunities ETF (PSQO).
Angie Long, the firm’s CIO and portfolio manager, commented: “The launch of these ETFs in Europe underscores our commitment to delivering cutting-edge solutions in complex investment environments across the globe.
“Leveraging our proprietary benchmarks trusted by institutions worldwide, these new products offer efficient access to a unique and compelling asset class, affirming our commitment to creating value for institutional and professional investors.”
Taylor Moore, managing director and portfolio manager at Palmer Square, added: “Institutional appetite for our proprietary European CLO indices and 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 incoming launches follow the arrival of the Janus Henderson Tabula EUR AAA CLO UCITS ETF (JCL0) last week.
Invesco has also filed to launch a pair of CLO ETFs with the Central Bank of Ireland (CBI) after understanding that the regulator is set to change its stance on the exposure.
