Palmer Square Capital Management LLC

“CLOs are having a moment,” Palmer Square Portfolio Manager Taylor Moore, CFA tells Connect Money, adding “CLO equity and debt remain the optimal place within the credit landscape.” He explains why there’s strong investor demand for CLO ETFs ahead of the launch of 3 new products in Europe and how the introduction of ETFs has improved accessibility, transparency, and liquidity in a market traditionally dominated by institutional investors. Read the full story here: https://lnkd.in/eWruVdau #CLO #ETF #InvestmentOutlook #Inflation #CreditMarkets ETF investing involves risk, loss of principal is possible. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (855) 513-9988 or visit our website at etf.palmersquarefunds.com. Read the prospectus or summary prospectus carefully before investing. Palmer Square ETFs are distributed by Foreside Fund Services, LLC

They say good things come in threes, with great historical trios including the Brontë sisters, AC Milan's three Dutch players in the late 1980s or the How Train Your Dragon film series. Could the three asset managers who recently launched European CLO ETFs be added to this illustrious list? I spoke to them about this burgeoning market, which you can read via our Leveraged Finance (LFRD) Bloomberg page. You can sign up to this service by contacting sales@bondradar.com.

Wednesday’s CPI report provided a much-needed reprieve for the markets after a period of rising interest rates driven by reinflation fears. Check out the key takeaways from Palmer Square Managing Director and Portfolio Manager Jon Brager below: - Core CPI came in at 0.2% m/m, below the 0.3% consensus, marking the first deceleration in six months—helping to ease concerns that deflationary progress had stalled. - The market responded positively, with equities rallying and Treasury yields falling by ~10bps. - Despite the encouraging data, we don’t believe this will significantly alter the Fed’s approach. More progress is needed in bringing inflation down, and with macro-political uncertainty in play, the Fed is likely to remain on hold through the first half of 2025. Stay tuned for more insights on inflation trends and policy moves. #CPI #Markets #Inflation #FederalReserve #InvestmentOutlook

This morning CNBC Europe’s Street Signs invited Palmer Square Managing Director and Portfolio Manager Jon Brager to break down the market implications of CPI and upcoming bank earnings. In today’s higher-for-longer rate environment, floating-rate securities stand out as a powerful hedge against rising rates, offering premium yield with lower risk. This is why we’re launching our European CLO ETFs at this pivotal moment to expand our floating-rate securities strategies to meet the demand of institutional investors worldwide. Trading on our EUR ETFs is set to begin in early 2025, and we couldn’t be more excited to broaden access to our diverse investment tools. #CPI #CLO #ETF #CreditMarkets #InvestmentManagement

Palmer Square is launching its first-ever European CLO ETFs! These pioneering products cater to European institutional investors. Two of the ETFs will be passively focused on EUR and USD denominated AAA and AA CLO debt with the third planned to be an active multi-asset ETF providing similar exposure to the actively managed ETF currently offered in the US by Palmer Square. The launch of these ETFs in Europe underscores our commitment to delivering cutting-edge solutions in complex investment environments across the globe. Learn more here: https://lnkd.in/ecT5MyY9 #CLOs #ETFs #CreditMarkets

Five Takeaways from the Opal Group’s CLO Summit. Palmer Square's Jon Brager attended and spoke on the macroeconomic & geopolitical outlook for 2025. Here’s his key insights shaping the market for year-end and beyond: ● Bullish Sentiment: The overall tone was positive, with market participants actively working to price deals before year-end. ● The State of Supply: The consensus is that CLO issuance will stay strong next year, driven by low liability levels and the potential for tighter AAA spreads. Even with the challenged arbitrage, printing at these historically low levels remains attractive. ● Relative Value: Despite historically tight spreads, the all-in yield of CLO debt remains attractive, particularly in a higher-for-longer interest rate scenario. ● CLO Equity Focus: Discussions centered around CLO equity, signaling robust issuance potential for 2025. European CLO equity is particularly attractive due to fewer repricings compared to the U.S. ● European Engagement: European presence at Opal continues to grow, with approximately 15 EUR managers conducting meetings. Overall, the market is active, dynamic, and poised for an exciting year ahead. #CLOs #OpalConference #StructuredFinance #MarketInsights #Finance

Matt Bloomfield, Managing Director and Portfolio Manager at Palmer Square Capital Management, appeared on CNBC’s Squawk Box Europe this week to discuss the credit markets, recent economic trends, and the state of the consumer in the U.S. and Europe ahead of the Fed’s meeting on December 18th. As interest rates have come down, Matt sees potential for a pickup in M&A deal activity going into 2025. Thanks again to Stephen Sedgwick and the Squawk Box team for having us on! Tune in to hear Matt's insights on the evolving credit landscape and the opportunities ahead. #LeveragedLoans #CLO #CreditMarkets #PalmerSquareCapital #InvestmentManagement

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“We don’t do anything without considering it to be a platform that we’re going to scale at size, and we have a lot of history of doing that. We’re the number one CLO issuer in the world. We created the static CLO. We had one of the earliest interval funds. We have a long history in BBB and BB CLOs. We also just recently launched indices for the European CLO market, so you may want to stay tuned for some product development there.” As pioneers in private credit and credit alternatives, we’re committed to delivering innovative solutions tailored to investor needs, PSQO and PSQA is just the beginning. Founder & CEO, Christopher Long, joined Nathan Geraci on #ETFPrime to discuss Palmer Square's investment journey and the launch of our new ETFs: PSQO and PSQA. Catch the full podcast here: https://lnkd.in/gHzq-bGu _________________________________________________________________________________ ETF investing involves risk, loss of principal is possible. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (855) 513-9988 or visit our website at etf.palmersquarefunds.com. Read the prospectus or summary prospectus carefully before investing. Tranches are segments from a pool of securities, typically debt, that are separated by risk, time to maturity or other characteristics in order to be marketed to different investors. Diversification does neither ensure a profit nor guarantee against loss in a declining market. Palmer Square is not an issuer of funds that invest in cryptocurrencies. Palmer Square ETFs are distributed by Foreside Fund Services, LLC

Our Founder and CEO Christopher Long analyzed the impact of upcoming inflation data on the Fed for CNBC Europe’s Street Signs with Arabile Gumede.   The Fed's gradual easing path seems appropriate, but we're far from declaring victory. With strong employment data and crucial non-farm payrolls coming up, it’s clear there’s still strength in the economy.   “Employment is now the main focus. However, the positioning that Chairman Powell and the Fed have put us on is appropriate so far. When you look at major fundamental components of the economy, most specifically lending, this is a net positive for the corporate debt market, corporate borrowers in general, and keeping that fuel to the fire that is our economic activity.” said Chris Long.   Our recent launch of our ETF PSQO showcases where we see value in this market—providing premium yield and lower risk for investors. As inflation eases, borrowing costs decline, which benefits the corporate debt market, aligning perfectly with our focus on fixed income.   In a market where no silver bullet exists, it’s vital to have the flexibility to adapt across bonds, loans, and credit products. That's what we’ve been doing since 2009, and we continue to believe in the strong outlook for debt markets.   Check out the full interview: https://lnkd.in/eb9DAFRZ