Palmer Square Capital Management, a US based credit-focused alternative asset manager with over $33bn in assets, plans to debut three ETFs for European institutional investors.
Palmer Square will start with the filing of the Palmer Square EUR CLO Senior Debt Index ETF, which focuses on EUR and USD denominated AAA and AA CLO debt.
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The ETFs will feature an active multi-strategy ETF that provides exposure equivalent to PSQO, Palmer Square’s NYSE-listed ETF already available in the United States.
Angie Long, chief investment officer and portfolio manager at Palmer Square Capita stated: “The launch of these ETFs in Europe underscores our commitment to delivering cutting-edge solutions in complex investment environments across the globe. It is a natural extension of our global expertise in structured credit and demonstrates our ability to meet the rising market demand. Leveraging our proprietary benchmarks trusted by institutions worldwide, these new products offer efficient access to a unique and compelling asset class, affirming our commitment to creating value for institutional and professional investors.”
Taylor Moore, managing director, and portfolio manager added: “Institutional appetite for our proprietary European CLO indices and debt products further underscores the demand for these innovative ETFs. Our ability to manage and develop these products entirely in-house ensures operational independence and best-in-class execution.”
Palmer Square’s offerings will include an actively managed, multi-strategy ETF and passive products based on the firm’s proprietary benchmarks.
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By GlobalDataFurthermore, the actively managed ETF will emphasise multi-asset credit allocation to ease portfolio construction while pursuing relative value opportunities in corporate and structured credit.
Meanwhile, the passive ETFs will benefit from Palmer Square’s expertise in senior CLO tranches, which have typically had no defaults.
The European ETFs are expected to launch in early 2025, marking a significant step for Palmer Square as it seeks to bring its structured credit expertise to the global stage.
