Aug. 21 at 3:25 PM
$BX
State Street Investment Management is partnering with Blackstone, a leading private equity manager, to launch a collateralized debt obligation (CLO) ETF in Europe . Called State Street Blackstone Euro AAA CLO UCITS, its launch is scheduled for the end of the year.
With this new partnership, State Street joins the already long list of listed fund providers invested in CLOs. This strategy, which consists of "marrying the carp and the rabbit" by linking an ultra-liquid vehicle to debt securitizations, which are inherently illiquid, is a particularly popular market segment in the United States.
https://www.agefi.fr/etf/state-street-sassocie-a-blackstone-pour-elaborer-son-prochain-etf-clo-en-europe