European CLOs hold up to 19% exposure to UK assets, but Brexit curbs demand, says Wells Fargo

By Dan Alderson

As Brexit permutations become increasingly convoluted, the average CLO manager holds 13% exposure to loans domiciled in the United Kingdom, notes Wells Fargo in its latest research. But CLOs have made a noticeable shift away from the country as uncertainty rises

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TAGS: Wells Fargo Europe CLO