Elena Rinaldi, portfolio manager of TwentyFour Asset Management, dives into fixed income.
Many investors have long viewed European Collateralised Loan Obligations (CLOs) as a niche corner of the bond market worthy of little attention. However, given this asset class has traditionally offered a high degree of inflation protection, strong credit performance and a material spread premium to more traditional fixed income assets all at once, we believe it can no longer be ignored. For the uninitiated, these CLOs are bond instruments backed by diverse pools of loans made to companies, normally across different industries, all over Europe. The bonds are split into tranches that can ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
