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Structured Credit Maven Laila Kollmorgen on CLO’s Rally and Opportunity To Differentiate As Fundamentals Soften and Prices Climb | VanEck Fireside Chat #6
Forward Guidance
CLOs: Resilience in Challenging Times
CLOs stand out as a resilient investment in the fixed income market, having gained over 20% from January 1, 2022, while many traditional fixed income assets struggled due to rising interest rates and inflation. Unlike agency mortgage-backed securities or long-term treasuries, which faced significant losses, CLOs have maintained strong performance by taking less duration risk and more credit risk. This trend is indicative of their consistent superiority, as data shows CLOs were the best-performing fixed income asset class in eight of the last eleven years, reinforcing their position as a robust institutional asset class.
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