Ultra short duration bond fund snaps up recent CLO triple As

By Sayed Kadiri

Wednesday, July 03, 2013

Appetite for CLO paper was insatiable in the first part of this year and interest in the product came from some unusual sources

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TAGS: CLO

Comment by: Anonymous. Posted 10 years ago [2013-07-03 23:03:18]

Agree it makes no sense for an "Ultra Short Duration Bond Fund" to buy CLO Triple-A's. Credit rating is not a good proxy for liquidity. BUT, such a fund could be a natural - or at least better - buyer for the Class X fee tranche of CLOs. Perhaps that's what meant here.

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