May 2, 2024 - In our latest Member Spotlight  episode, I sit down with John Kim, Co-Founder and CEO of Panagram to talk about the emerging popularity and utility of CLO ETFs. Panagram, a wholly-owned subsidiary of Eldridge Industries LLC, is an SEC-registered investment advisor specializing in the CLO, ABS and CRE markets and has approximately $16.8 billion AUM.  As highlighted in a post a few weeks ago by my colleague Hugo Pereira, VP of Market Analytics and Investor Strategy, the CLO ETF market has demonstrated significant growth since September 2020, with AUM of around $9bn at the time of publication. CLO ETFs were also highlighted during several panels at our CLO Industry Conference earlier this week. Panelists agree that demand for this product will remain strong, supporting new CLO issuance and leading to tighter AAA tranche spreads. John and I talk about Panagram’s unique approach and expertise with regards to manager selection as well as why people are adding this product offering to their PAs.

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