Alternative asset manager Palmer Square has announced that it has listed the Palmer Square EUR CLO Senior Debt Index UCITS ETF (PCL0) on the London Stock Exchange (LSE).
Palmer Square, which has $36.2bn (£27bn) in assets under management, says it is one of the world’s largest collateralised loan obligation (CLO) issuers.
Read more: Palmer Square Capital Management launches European CLO ETF
Its new ETF is specifically designed for European institutional investors and provides them with exposure to AAA- and AA-rated CLO debt. It is benchmarked against Palmer Square’s EUR CLO Senior Debt Index, an in-house proprietary, research-driven benchmark launched in 2024.
The ETF is structured as a sub-fund of the Palmer Square UCITS ICAV, an Irish-domiciled collective asset-management vehicle regulated under Irish law.
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“The listing of PCL0 on the LSE is a continuation of our strategy to make institutional-quality CLO debt solutions accessible globally through efficient, investor-friendly ETFs,” said Angie Long, chief investment officer at Palmer Square.
“Investors across Europe and the UK now have multiple avenues through which to gain access to the high-quality, cycle-resilient senior CLO debt market.”
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