Core Viewpoint - Palmer Square Capital Management has launched two new exchange traded funds (ETFs), the Palmer Square Credit Opportunities ETF (PSQO) and the Palmer Square CLO Senior Debt ETF (PSQA), aimed at providing innovative investment solutions in the credit market [1][2]. Group 1: ETF Details - The Palmer Square Credit Opportunities ETF (PSQO) is an actively managed multi-asset credit strategy that simplifies portfolio construction and enhances access to relative value opportunities across various credit types, including CLOs, investment grade and high yield corporate bonds, ABS, and bank loans [2][3]. - The Palmer Square CLO Senior Debt ETF (PSQA) offers passive access to the CLO market through a proprietary CLO Senior Debt Index (CLOSE), allowing investors to leverage Palmer Square's expertise in the senior tranches of the CLO market [2][3]. Group 2: Company Background - Palmer Square Capital Management, founded in 2009, manages over $32 billion in assets and focuses on opportunistic credit, income strategies, private credit, and CLOs, serving a diverse client base including institutional investors and high net worth individuals [4]. - The firm has established itself as a top issuer in the global CLO market and created the first public Senior and Debt CLO benchmarks in 2015, demonstrating its deep understanding of market complexities [2][4]. Group 3: Market Position and Strategy - The investment philosophy of Palmer Square is consistent across multiple credit cycles, emphasizing the identification of relative value and credit selection through detailed fundamental credit analysis [3]. - The new ETFs are set to begin trading on September 12, 2024, with Palmer Square participating in the opening bell ceremony at the New York Stock Exchange [3].
Palmer Square Capital Management Launches New Multi-Asset and CLO Credit ETFs