DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Janus Henderson - 3 John Kerschner - 2 Kerschner - 2 CLOs - 2 JAAA - 2 Nick Travaglino - 1 Nuveen - 1 Travaglino - 1
Top related locs:
CLOs BlackRock Moody's CMBS multifamily JAAA
Top related orgs:
SEC - 3 Janus Henderson AAA CLO - 3 Bank of America - 2 AAA - 2 CLOs - 2 Investors - 1 Fund - 1 Janus Henderson Investors - 1

Search resuls for: "AAA CLO"


5 mentions found


☆ Why some investors are bullish on this asset class that's yielding over 6%
  + stars: | 2024-05-17 | by ( Michelle Fox | ) www.cnbc.com   time to read: +7 min
Right now, securitized products in general look relatively cheap, said John Kerschner, head of U.S. securitized products and portfolio manager at Janus Henderson Investors. To meet this need, Janus launched its Securitized Income ETF (JSI) in November, which invests across the securitized space. JSI YTD mountain Janus Henderson Securitized Income ETF Collateralized loan obligations Another fund Kerschner manages is the Janus Henderson AAA CLO ETF . One way investors can get broad exposure to CMBS via BlackRock's iShares CMBS ETF . CMBS YTD mountain iShares CMBS ETF year to date However, Janus' Kerschner pointed out that all office work isn't going away.
Persons: Nick Travaglino, Nuveen, Travaglino, John Kerschner, Janus Henderson, Janus, Kerschner, Rick Rieder, I've, Rieder, CLOs, it's, isn't, Fannie Mae, Freddie Mac, Kershner, We're Organizations: Investors, Fund, Janus Henderson Investors, SEC, Janus Henderson AAA CLO, Bank of America, AAA CLOs, BlackRock AAA CLO Locations: CLOs, BlackRock, Moody's, CMBS, multifamily
☆ This fixed income play touts yields upward of 6% — and the risk is relatively low, Bank of America says
  + stars: | 2024-04-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +3 min
The firm began coverage of this corner of the ETF space on Monday. An ETF play Woodard's team began coverage of one CLO fund: the Janus Henderson AAA CLO ETF (JAAA) . "Among covered ETFs with higher credit quality, it has the highest yield," Woodard said. There is also BlackRock's AAA CLO ETF (CLOA) , an actively managed offering with an expense ratio of 0.20% and a 30-day SEC yield of 6.59%. Investors digging into the CLO ETF space shouldn't just focus on yield, of course.
Persons: Jared Woodard, Woodard, Jerome Powell, CLOs, Janus Henderson, JAAA Organizations: Federal Reserve, Bank of America, AAA, Janus Henderson AAA CLO, SEC, AA, AAA CLO, CLOs, BBB
☆ This structured credit ETF offers a higher yield than Treasuries and just hit $4 billion in assets
  + stars: | 2023-10-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +3 min
The Janus Henderson AAA CLO ETF (JAAA) , which buys highly rated collateralized loan obligations, has grown rapidly this year and outperformed many popular bond ETFs. The fund has a 30-day SEC yield of 6.66%, putting it above the yield of U.S. Treasuries. JAAA YTD mountain The JAAA ETF has held up this year despite rising interest rates. There are other CLO ETFs on the market, including the BlackRock AAA CLO ETF (CLOA) that launched earlier this year, but JAAA is the largest. Given the size and depth of the AAA CLO market, the fund should have no problems operating until it is about $20 billion in assets, at least, he estimated.
Persons: Janus Henderson, John Kerschner, Kerschner, JAAA Organizations: Janus Henderson AAA CLO, SEC, CLOs, Treasury, Treasury Bond ETF, CNBC, JPMorgan AAA CLO, BlackRock AAA, AAA Locations: JAAA
☆ New structured credit ETFs are hitting the market just as investors hunt for income
  + stars: | 2023-02-03 | by ( Jesse Pound | ) www.cnbc.com   time to read: +5 min
BlackRock launched the AAA CLO ETF (CLOA) less than a month ago, and the product already has about $30 million in assets under management. Panagram Structured Asset Management is exploring riskier versions in the same ETF sector, launching the BBB-B CLO ETF (CLOZ) and surpassing the $20 million mark in less than two weeks. Fixed income funds boom The growth of these funds comes after a boom in fixed income ETFs in 2022, as rising interest rates and high inflation sent investors hunting for ways to generate additional yield. Invesco and VanEck also launched CLO ETFs last year, presenting additional investment options. However, there are diversification benefits to having floating rate ETFs for investors, especially in the U.S. where most fixed income products have a fixed rather than a floating rate, Kerschner said.
☆ Banks’ buyout-debt machine defies quick jumpstart
  + stars: | 2022-12-08 | by ( Neil Unmack | ) www.reuters.com   time to read: +4 min
Asset managers like Blackstone (BX.N) or Axa (AXAF.PA) pick the underlying loans, while investment banks underwrite the CLO securities and place them with credit investors. Many of the bonds that come out the other side get an ultra-safe AAA credit rating. The combination of higher funding costs and slower private-equity dealmaking has pushed sales of European CLO securities down 67% year-on-year, according to JPMorgan analysts. So, for example, 70% of the whole portfolio would have to default, with the creditors recovering just half of their money, before AAA tranches see a loss. That means banks’ biggest CLO risk is an even sharper slowdown, not a blowup.
0 next >>
Total: 5