Will CLOs Continue to Rally in 2024?
January 27, 2024 at 07:30 AM EST
CLOs rallied strongly in December, ending 2023 with a 10.54% return. The current backdrop suggests CLOs are well positioned to start 2024. The VanEck CLO ETF (CLOI) returned 2.06% in the fourth quarter, and 9.37% for the year, outperforming investment-grade bonds and AAA-rated CLOs, but underperforming the broad CLO market due to its lower risk exposure [...] The post Will CLOs Continue to Rally in 2024? appeared first on ETF Trends .
