JBBB: A Good Fund To Pair Against Bonds (BATS:JBBB)
Kobus Louw Collateralized loan obligations don’t get much love from the media, but are worth considering in a portfolio. What are they? Floating-rate Collateralized Loan Obligations (CLOs) are complex financial instruments that consist of a pool of loans. These loans are typically senior, secured, non-investment grade loans issued by corporations. The pooled loans are securitized…