While outflows at US loan funds collectively topped $7 billion in Q1, US CLO ETFs have drawn nearly $6 billion of inflows YTD.

These complex financings can mask underlying liabilities, Moody’s warns.

Market volatility since the end of January has, if anything, boosted the AUM of CLO ETFs.

FCA proposes allowing UK investors to buy non-retention-compliant US CLOs, and seeks feedback from the market.

The agency says software providers are one of the largest industry segments among the portfolio assets held by CLOs it rates.

European CLOs head into 2026 buoyed by a record number of open warehouses, a deep pool of reset candidates and a diversified investor base.

The optimism around new issuance is being fueled by expectations of high demand from banks, insurers and fast-growing CLO exchange-traded funds.

Modest growth in loan volumes and a healthier mix of new money are expected in 2026, but execution will hinge on M&A and LBO activity.

The European Credit Market Outlook provides a forward-looking analysis of key credit markets, including leveraged loans, private credit, CLOs, distressed credit and high-yield bonds. It emphasizes expected trends in volume, spread movements, and overall market dynamics for the upcoming year. 2026 European Credit Market Outlook Leveraged Loans: M&A holds key to success as market eyes new money Private Credit: Sector shift brings AI, defence in focus CLOs: Broadening investor base fuels issuance momentum High-Yield: Deep demand underpins strong market conditions Distressed Credit: Defaults to decline, but workouts get tenser

The US Credit Market Outlook provides a forward-looking analysis of key credit markets, including leveraged loans, private credit, CLOs, distressed credit, high-yield bonds, and investment-grade bonds. It emphasizes expected trends in volume, spread movements, and overall market dynamics for the upcoming year.

Persistently elevated base rates have kept loan performance near historical averages this year, despite the weakness in secondary prices.

Moody’s previously noted insurers’ “continued shift in their investment portfolios toward less-liquid and privately rated investments.”

First Brands ranks as the 61st-highest exposed name among CLO obligors, according to Deutsche Bank.

Octaura is expanding from its syndicated loan platform that has operated since 2022.

The vehicle will invest in euro-denominated triple-A rated CLOs.

The last of the summer’s European loan syndications closed on Aug. 13, providing a breather for a market where volumes are running at post-GFC highs but conditions remain technically tight.

At least 80% of the investments in the ETFs will be in CLOs rated triple-A.

The asset manager describes Reckoner Leveraged AAA CLO ETF (NYSE ARCA: RAAA) as the first-ever levered AAA CLO ETF.