CLOI - CLOI Outperforms In Q4 Stays Defensive Amid Uncertainty
Summary
- The VanEck CLO ETF outperformed the J.P. Morgan CLO Index in the fourth quarter by 0.13%, and since launching in June 2022 has outperformed by 0.57%, driven by both portfolio positioning and security selection.
- The Fund returned 3.16% in the quarter ended December 31, 2022, outperforming its benchmark, the J.P. Morgan CLO Index, by 0.13%.
- CLOs ended the year on a positive note; however, the Fed quickly warned markets they aren’t finished tightening financial conditions, which could result in additional volatility in the first half of 2023.
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CLOI Outperforms In Q4, Stays Defensive Amid Uncertainty