00:00Worldwide CLO ETF assets surpassing 50 billion dollars. Talk to us about how you see that appetite that demand evolving
00:08from here. Yeah it's really been a remarkable uptick in the last couple of years as this chart shows. You
00:15know if you go back to June of 2023 the total AUM within that complex was three and a half
00:22billion dollars. So it's been a remarkable growth. I think it's here to stay. I think that CLO ETFs will
00:29continue
00:30to grow. Most of that AUM is focused on the triple a rated tranche of CLOs. That's over 80 percent
00:39of that 50. And if you were to look at that call it 40 billion of triple a holdings as
00:47a complex as one holder that would represent a top five holder of CLO triple
00:53A's globally. And so this is you know this is a an investor of consequence an investor as a whole
01:00that will influence certainly the technicals on a go forward basis. And you know I think to the extent that
01:07we're seeing strong inflows into CLO ETFs or strong outflows it will definitely move the market particularly at the triple
01:16A tranche.
Comments