New ETFs Introduced by Palmer Square Capital Management
Leading global CLO issuer launches active Credit Opportunities ETF (PSQO) and passive CLO Senior Debt ETF (PSQA).
Palmer Square Capital Management, a respected alternative asset management firm with a credit focus that began in 2009, is excited to unveil its new investment offerings. Managing over $32 billion in assets, the firm boasts a strong history of delivering quality investment solutions. Recently, Palmer Square has introduced two innovative exchange-traded funds (ETFs) to meet the changing needs of investors. The Palmer Square Credit Opportunities ETF (PSQO) is an actively managed multi-asset credit strategy, whereas the Palmer Square CLO Senior Debt ETF (PSQA) offers indexed access to the collateralized loan obligation (CLO) market.
Getting to Know the New Investment Products
Palmer Square Credit Opportunities ETF (PSQO)
The PSQO ETF provides a robust solution for investors seeking diverse exposure to multi-asset credit. This actively managed fund streamlines portfolio construction by bringing together various asset types, thus improving access to high-quality relative value opportunities. The fund includes a mix of asset classes like CLOs, corporate bonds (both investment grade and high yield), asset-backed securities (ABS), and bank loans, making it a flexible choice for investors.
Palmer Square CLO Senior Debt ETF (PSQA)
Conversely, the PSQA ETF grants passive access to the CLO market through a unique research-driven senior debt index. This index enables investors to benefit from Palmer Square's deep expertise in the CLO sector, particularly focusing on the AAA and AA tranches. The index aims to provide a streamlined investment option within this market, showcasing the firm's extensive research and analytical strengths.
Leadership Insights
Chris Long, Chairman and CEO of Palmer Square, conveyed strong optimism about these new offerings, stating, "Our extensive experience in managing multi-asset credit strategies uniquely positions us to identify market opportunities. The launch of these ETFs reflects our commitment to providing investors efficient access to a variety of credit assets, including CLOs, through innovative financial products."
Angie Long, Chief Investment Officer and Portfolio Manager, also shared her perspective on the firm’s investment strategies, highlighting the necessity of consistent credit analysis throughout different market cycles. She remarked, "Our investment philosophy is centered on spotting relative value and carefully selecting credits through thorough examination, which is core to our success."
Launching the ETFs
The new ETFs are set to begin trading on a specific day in September. In a celebratory gesture, Palmer Square will ring the opening bell at the New York Stock Exchange, marking this notable achievement.
About Palmer Square Capital Management
Founded by Christopher Long in 2009, Palmer Square Capital Management has built a solid reputation within the investment community and is headquartered in Kansas City, with additional offices in London. The firm focuses on diversified credit investments and serves a wide range of clients, including institutional investors, wealth management firms, and high-net-worth individuals. Palmer Square emphasizes various investment products, including mutual funds, private partnerships, and CLOs.
Additionally, they provide clarity through their publicly traded Business Development Company, Palmer Square Capital BDC Inc. (NYSE: PSBD), offering investors more flexible pathways to access credit markets.
Frequently Asked Questions
What are the main features of Palmer Square's new ETFs?
The newly launched ETFs, PSQO and PSQA, give investors access to actively managed multi-asset credit strategies and passive investment opportunities in the CLO market, respectively.
Who can benefit from these new ETFs?
These innovative investment products are ideal for investors seeking diversified credit exposure or those specifically interested in the CLO market.
What is the significance of the opening bell ceremony?
The opening bell ceremony at the New York Stock Exchange marks the official launch of Palmer Square’s new ETFs, which is a major milestone for the firm.
How much does Palmer Square manage?
Palmer Square Capital Management is responsible for overseeing over $32 billion in assets, reflecting impressive growth and a strong investment track record.
What investment strategies does Palmer Square focus on?
Palmer Square mainly concentrates on Opportunistic Credit, Income Strategies, Private Credit, and CLOs, offering a variety of investment solutions for its clients.
