Anyone who wants their ETF with a side of extra initials is in luck: the letters “CLO” are appearing more and more often alongside fund names. That is, collateralized loan obligation exchange traded funds. Recently, companies, including Fidelity, Principal, Janus Henderson and Reckoner Capital Management, have added or prepped new CLO ETFs to their product lines. The funds invest in bundled corporate loans of varying credit quality. They’re also something the industry does not want investors to conflate w ...

RT Token Terminal 📊 (@tokenterminal)3) Janus Henderson’s JAAA credit fund has contributed $1 billion in TVL> Product overview. JAAA is a tokenized credit fund on Centrifuge that mirrors Janus Henderson’s AAA CLO strategy. The same team also runs the companion AAA CLO ETF (ticker: JAAA) in traditional markets, which manages about $25 billion in assets.> Investor benefit. Tokenizing this strategy brings an established AAA CLO product onchain, so investors can hold that exposure as a token and use it directly ...