Top global CLO issuer expands European
footprint with three innovative investment products
MISSION
WOODS, Kan. , Jan. 8, 2025
/PRNewswire/ -- Palmer Square Capital Management
("Palmer Square"), a credit-focused
alternative asset management firm with more than $33 billion in assets under management founded in
2009, is planning to launch three pioneering ETFs for European
institutional investors. Two of the ETFs will be passively focused
on EUR and USD denominated AAA and AA CLO debt with the third
planned to be an active multi-strategy ETF providing similar
exposure to the actively managed ETF currently offered in the US by
Palmer Square.
"The launch of these ETFs in Europe underscores our commitment to
delivering cutting-edge solutions in complex investment
environments across the globe. It is a natural extension of our
global expertise in structured credit and demonstrates our ability
to meet the rising market demand," said Angie Long, Chief Investment Officer and
Portfolio Manager at Palmer Square Capital. "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."
These ETFs will offer capital preservation by targeting
cycle-resilient assets with zero historical defaults, including an
actively managed multi-asset credit allocation product offering a
single-manager solution to simplify portfolio construction and
provide enhanced access to the best relative value opportunities
across corporate and structured credit. The passive products
will create investable access to Palmer
Square's deep understanding and research within the senior
tranches of the CLO market.
"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," 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, please
visit www.palmersquarecap.com.
About Palmer Square Capital Management
Founded in 2009
by Christopher Long, with major
offices in Kansas City and
London, Palmer Square manages over $33 billion in fixed income/credit investments on
behalf of a diverse client base inclusive of institutional
investors, wealth management firms, and high net worth individuals
(as of 12/31/24). The firm primarily focuses 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).
Media contact: palmersquare@kcsa.com
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SOURCE Palmer Square Capital Management