CLO ETFs Rake in Cash After Heavy Outflows: Structured Weekly

April 28, 2025, 5:20 PM UTC

Exchange-traded funds that track US collateralized loan obligations garnered a net $231 million last week after heavy outflows earlier this month stemming from tariff-driven volatility, according to a note by JPMorgan.

The inflows are lower than the weekly average of about $380 million over the last year, strategists Rishad Ahluwalia and Noelle Cooke wrote in the Monday note.

Still, it’s a turnaround from earlier this month, when investors pulled record amounts of money from ETFs as macroeconomic volatility spiked and risk premiums on CLO debt rose. Dealmaking is also showing some signs of returning, with seven CLOs pricing last week, ...

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