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Senior Reporter @ 9fin. CLOs

📢 Breaking #CLO news: Fair Oaks Capital gains regulatory approval for market’s first ever European CLO ETF, Fair Oaks AAA CLO ETF. With US CLO ETFs a multi-billion dollar business, a European CLO ETF has been highly anticipated (despite the regulatory hurdles)! And winning regulatory approval first could have its advantages – Janus Henderson Investors’s JAAA now stands at 80% of the entire US CLO ETF market ($11.75bn). Big potential benefits for the Euro CLO market, which has always lacked depth in the CLO triple-A investor base vs the US CLO market, and could enable triple-A tranches to be more widely syndicated. Another ground-breaking fund for Fair Oaks, having launched the market’s first global CLO Ucits in 2016. Congrats to Miguel Ramos Fuentenebro, Roger Coyle and team Story on 9fin here: https://lnkd.in/euzjfURT #CLOs #structuredcredit #leveragedloans #ETF

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Michelle Russell-Dowe

Co-Head of Private Debt & Credit Alternatives /Global Head of Securitized Product & Asset-Based Finance

2w

Just in time for retail to want to exit floating-rate products …giggles

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