VanEck AA-BB CLO ETF (CLOB)
VanEck AA-BB CLO ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $50.27, down 0.02% on the session, giving a market capitalisation of $176.1M. Its beta of 0.13 implies it has historically moved less than the broad market.
Operating under the ticker CLOB, the VanEck AA-BB CLO ETF is an actively managed fund, benefiting from the sub-advisory expertise of PineBridge Investments. Its core objectives are to safeguard investors' capital and generate consistent income. The fund primarily allocates its investments to collateralized loan obligations (CLOs) tranches, specifically those with credit ratings ranging from AA to BB, without any limitations on their maturity dates.
VanEck AA-BB CLO ETF is most often compared with the following Financial Services names: