Sharad Vohra, CFA, Partner at Astra Asset Management recently spoke with the International Finance Review from LSEG (London Stock Exchange Group) to discuss his thoughts on CLO market dynamics going into 2024.
"It’s been an encouraging start from both a new issue and a reset perspective," said Vohra, "although we continue to be cautious on CLO equity given the run-up in the markets, in particular the underlying loan prices, and think there may be better entry points in CLO equity as new issuance ramps up and the weighted-average cost of debt improves."
This interview was conducted on 16/01/2024 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.