Leading global CLO issuer expands its presence in Europe with three innovative investment products
Palmer Square Capital Management (“Palmer Square”), a credit-focused alternative asset management firm founded in 2009 with over $33 billion in assets under management, plans to launch three groundbreaking ETFs for European institutional investors. Two of the ETFs will passively focus on EUR and USD denominated AAA and AA CLO bonds, while the third is planned as an active multi-strategy ETF offering similar exposure to the actively managed ETF currently in the USA is offered by Palmer Square.
“The launch of these ETFs in Europe underscores our commitment to providing innovative solutions in complex investment environments globally. “This is a natural extension of our global structured credit expertise and demonstrates our ability to meet increasing market demand,” said Angie Long, senior investment manager and portfolio manager at Palmer Square Capital. “These new products leverage our proprietary benchmarks that are trusted by institutions worldwide , offering efficient access to a unique and compelling asset class, reinforcing our commitment to creating value for institutional and professional investors.”
These ETFs will ensure capital preservation by targeting cycle-resilient assets with zero historical defaults, including an actively managed multi-asset credit allocation product that provides a single-manager solution to simplify portfolio construction and increased access to the best relative value opportunities for corporate and structured loans. The passive products will provide investable access to Palmer Square’s comprehensive understanding and research of the senior tranches of the CLO market.
“The institutional demand for our proprietary European CLO indices and debt securities underscores the demand for these innovative ETFs. Our ability to manage and develop these products completely in-house ensures operational independence and best-in-class execution,” said Taylor Moore, Managing Director and Portfolio Manager.
The Palmer Square ETFs are expected to be offered in Europe in early 2025.
For more information, see www.palmersquarecap.com.
About Palmer Square Capital Management Founded in 2009 by Christopher Long, Palmer Square has headquarters in Kansas City and London. The firm manages over $33 billion in fixed income/credit investments (as of 12/31/24) on behalf of a diverse client base that includes institutional investors, asset management firms and high net worth individuals. The Company focuses primarily on opportunistic credit, income strategies, private credit and CLOs while offering many product opportunities including mutual funds, exchange traded funds, separately managed accounts, private partnerships, CLOs and a publicly traded business development company, Palmer Square Capital BDC Inc. (NYSE: PSBD) .