CLOs Gain Amid Surge in Yields
October 28, 2023 at 10:00 AM EDT
CLOs outperformed investment-grade and high yield bonds in September as fixed-rate debt continues to face headwinds in rising Treasury yields. The VanEck CLO ETF (the “Fund”) remains conservatively positioned relative to its benchmark, the J.P. Morgan CLO Index, as we expect downgrades to increase into 2024 as the impact of higher interest rates materializes. The Fund [...] The post CLOs Gain Amid Surge in Yields appeared first on ETF Trends .
