Today’s Talk Your Book is brought to you by VanEck:
See here for more information on VanEcks CLO ETF
On today’s show, we discuss:
What a CLO is and how portfolios are constructed
Why leveraged loans are floating
The downside risks to rate sensitivity and credit issues
Why spreads have remained so low
Possible drawdowns during a recession
Differences between tranches
Why an investor would include CLOs in their…