PAAA: Among The Safest AAA CLO ETF
Source: SeekingAlpha
2025-05-22 05:09:04 ET
Summary
- PGIM AAA CLO ETF offers a safer alternative to most AAA CLO funds for risk-on cash allocations.
- PAAA demonstrated superior performance and stability compared to sector leader JAAA during the recent market downturn and rebound.
- I recommend PAAA for investors seeking higher yields than savings accounts, CDs, or money markets, with moderate price fluctuation risk.
- Key reasons for PAAA's safety and appeal are detailed in the article, highlighting its resilience and reliability in volatile markets.
Introduction
In my most recent coverage of AAA CLO funds, which I often espouse as a great place to allocate "risk-on" cash, or cash holdings that one is alright with having a bit of wiggle room (as opposed to savings accounts, CDs, or money markets that cannot fluctuate in price), I discussed that there is a safer alternative to most AAA CLO funds, which is the PGIM AAA CLO ETF ( PAAA ) ....
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PAAA: Among The Safest AAA CLO ETF
PGIM AAA CLO ETF
NASDAQ: PAAA
PAAA Trading
-0.01% G/L:
$51.27 Last:
571,790 Volume:
$51.29 Open:
