Sharad Vohra, CFA, Astra Asset Management, recently spoke with Levereged Commentary & Data (LCD) from Pitchbook and discussed his thoughts on tightening CLO spreads.
'Despite the tightening, triple-A paper still offers good relative value across the capital structure compared to equally rated corporate bonds, Vohra said. “EUR CLO AAAs could continue to offer superior current income, capital preservation and yield pick-up to equally rated instruments in the market.”'
This interview was conducted on 01/20/2024 and reflects the speaker’s opinion as at that date. You should obtain professional advice before entering into any transaction or other investment decision. Capital invested is at risk, including of total loss.