Palmer Square Capital Management, a credit-focused alternative asset management firm founded in 2009 with over $32 billion in assets under management, is launching two exchange traded funds (ETFs). Palmer Square’s new ETFs include The Palmer Square Credit Opportunities ETF (PSQO), an actively managed multi-asset credit strategy, and The Palmer Square CLO Senior Debt ETF (PSQA), an indexed collateralized loan obligation (CLO) focused fund providing access to the broader universe of AAA and AA tranches of the U.S. CLO market.
“Our deep experience in managing opportunistic multi-asset credit strategies and funds across the spectrum of corporate and structured credit as well as our market-leading expertise in structuring, managing and issuing CLOs ensures our ETFs are designed with a keen understanding of the market’s complexities and opportunities,” Chris Long, chairman and CEO of Palmer Square, said. “As the creator of the first public senior and debt CLO benchmarks in 2015 and our position as a top issuer in the global CLO market, we have laid the groundwork to continue providing investors with high-quality access to the landscape of credit assets through a multitude of products, which will now include ETFs.”
“Our experience and expertise have culminated in these innovative ETFs, giving investors an efficient way to access sophisticated credit strategies,” Angie Long, chief investment officer and portfolio manager of Palmer Square, said. “Palmer Square’s investment philosophy has been consistent through multiple credit cycles and is underpinned by the firm’s core competencies of locating relative value and selecting credits through granular, bottom-up fundamental credit analysis.”
