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The AUM of CLO CEFs are minuscule vs overall CLO market. The two highlighted in that article's graph have a combined AUM of less than $600mm while the overall
by whatok 8y ago
The AUM of CLO CEFs are minuscule vs overall CLO market. The two highlighted in that article's graph have a combined AUM of less than $600mm while the overall CLO market has more than $600bn outstanding. CLOs are not being sold directly to retail and it's very misleading to bring up CEFs without mentioning the size of these funds.
- pmart123 8y agoIt's true the total CEF AUM is small, I don't think it is misleading because they still are being sold to retail at the end of the day even if the AUM is less than $1B. MLP's also started small too. The overall leveraged loan market for retail investors is much larger though as far as I am aware. https://ftalphaville.ft.com/2018/11/20/1542706123000/Who-s-buying-leveraged-loans-anyways-/ https://ftalphaville.ft.com/2018/11/20/1542706123000/Who-s-b...