Since Thursday, the first exchange-traded fund issued by Palmer Square has been tradable on Xetra and Börse Frankfurt.
The Palmer Square EUR CLO Senior Debt Index UCITS ETF is passively managed and invests in a diversified portfolio of European floating rate collateralized loan obligations (CLOs) denominated in euros. At least 80 percent of the fund’s net assets are invested in AAA-rated CLOs. Up to 20 percent of net assets can be invested in CLOs with a rating below AAA, provided they have an investment grade rating.
CLOs are securitized loan portfolios that are collateralized by a bundle of corporate loans and offer different risk profiles and return opportunities.
The ETF is available to investors in various trading currencies on Xetra: EUR, USD, GBP and CHF.
| Name | Asset class | ISIN | Ongoing charges | Distribution policy |
| Palmer Square EUR CLO Senior Debt Index UCITS ETF | Fixed Income ETF | IE000JTHNWF0 PCL0 (EUR) PCLD (USD) PCLS (GBP) PCLF (CHF) | 0.25% | accumulating |
* Trading currency is stated in brackets.
The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 2.516 ETFs, 203 ETCs und 276 ETNs. With this selection and an average monthly trading volume of around €25 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.