Top global CLO issuer introduces active Credit
Opportunities ETF (PSQO) and passive CLO Senior Debt
ETF (PSQA)
MISSION WOODS, Kan.,
Sept. 11,
2024 /PRNewswire/ -- Palmer Square Capital Management
("Palmer Square") a credit-focused
alternative asset management firm founded in 2009 with over
$32 billion in assets under
management, is announcing the launch of two innovative exchange
traded funds (ETFs). Palmer Square's
new ETFs include The Palmer Square Credit Opportunities ETF (PSQO),
an actively managed multi-asset credit strategy and The Palmer
Square CLO Senior Debt ETF (PSQA), an indexed collateralized loan
obligation (CLO) focused fund providing access to the broader
universe of AAA and AA tranches of the US CLO market.
"Our deep experience in managing opportunistic multi-asset
credit strategies and funds across the spectrum of corporate and
structured credit as well as our market-leading expertise in
structuring, managing, and issuing CLOs ensures our ETFs are
designed with a keen understanding of the market's complexities and
opportunities," said Chris Long,
Palmer Square Chairman and CEO. "As
the creator of the first public Senior and Debt CLO benchmarks in
2015 and our position as a top issuer in the global CLO market, we
have laid the groundwork to continue providing investors with
high-quality access to the landscape of credit assets through a
multitude of products, which will now include ETFs."
- PSQO is an actively managed, comprehensive multi-asset credit
allocation product offering investors a single-manager solution to
simplify portfolio construction and provide enhanced access to the
best relative value opportunities across corporate and structured
credit, to include CLOs, investment grade and high yield corporate
bonds, ABS and bank loans.
- PSQA provides passive access to the CLO market through a
proprietary, research-driven CLO Senior Debt Index (CLOSE) that
creates an investable way of accessing Palmer Square's deep understanding and research
within the senior tranches of the CLO market.
"Our experience and expertise have culminated in these
innovative ETFs, giving investors an efficient way to access
sophisticated credit strategies," said Angie Long, Chief Investment Officer and
Portfolio Manager. "Palmer Square's
investment philosophy has been consistent through multiple credit
cycles and is underpinned by the Firm's core competencies of
locating relative value and selecting credits through granular,
bottom-up fundamental credit analysis."
The ETFs begin trading Thursday,
September 12 and Palmer
Square will be ringing the opening bell at the New York
Stock Exchange the same day.
About Palmer Square Capital Management
Founded in 2009 by Christopher
Long, with major offices in Kansas
City and London,
Palmer Square manages over
$32 billion in fixed income/credit
investments on behalf of a diverse client base inclusive of
institutional investors, wealth management firms, and high net
worth individuals (as of 6/30/24). The firm primarily focuses on
Opportunistic Credit, Income Strategies, Private Credit, and CLOs
while offering many product opportunities, including mutual funds,
separately managed accounts, private partnerships, CLOs, and a
publicly traded Business Development Company, Palmer Square Capital
BDC Inc. (NYSE: PSBD).
Media contact: palmersquare@kcsa.com
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SOURCE Palmer Square Capital Management
