PGIM Launches AAA CLO, Short-Duration Multi-Sector ETFs

PGIM, the $1.2 trillion investment management arm of Prudential Financial, has launched the PGIM AAA CLO ETF (NYSE Arca: PAAA). PAAA seeks total return through current income and capital appreciation by investing primarily in U.S. CLOs rated AAA or equivalent. The fund will invest predominantly in the senior tranches of CLOs. These tranches typically have [...] The post PGIM Launches AAA CLO, Short-Duration Multi-Sector ETFs appeared first on ETF Trends .