Overview
Description
The Hartford AAA CLO ETF is a unique financial instrument designed to provide investors exposure to a diversified portfolio of AAA-rated collateralized loan obligations (CLOs). As an exchange-traded fund, it allows for intraday trading flexibility coupled with the goal of high credit quality through its focus on the highest-rated segments of CLO tranches. These CLOs are backed by pools of loans to businesses, typically syndicated loans, which are then tranched into securities with differing levels of risk and return.
The primary function of this ETF is to offer a more accessible route to investment in the fixed-income market by targeting institutional-grade credit instruments that typically display lower default risk. This fund predominantly influences the fixed income and credit sectors, appealing to investors seeking potential income generation while maintaining a relatively conservative risk profile. In the broader financial market, the Hartford AAA CLO ETF plays a significant role by democratizing access to high-quality credit investments, a sector previously limited to institutional investors and large funds, thereby broadening capital flow and enhancing market liquidity.
About
Address
—
Phone
—
Website
—
Instrument type
ETF
Country
United States
MIC code
BATS