Richard Bernstein Advisors Bet Big on CLOA

Richard Bernstein Advisors, a New York firm, recently invested $321 million in the iShares AAA CLO Active ETF (CLOA), marking a significant 9.3% stake in their $3.45 billion portfolio. This move, following CLOAs 6.23% one-year return and low volatility, signals confidence in CLOAs potential for steady income and capital protection. The ETF, built on top-rated collateralized loan obligations, offers a 5.1% yield with an active management expense ratio of 20 basis points. This investment highlights CLOs as a promising option for yield-seekers looking to avoid market volatility. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a1aa2f80e9f68b54