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Category: CLOs Secondary markets

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Arb rather than NAV in focus

European CLO equity performance has held strong despite the unprecedented Covid shock and significant shifts in loan market pricing in the last 12 months, supporting the view that a diversified portfolio of CLO equity can deliver strong and consistent returns through the credit cycle and attract new investors. To build on that, CLO managers now need to shift their focus, according to a recent report from Nomura’s European ABS strategy team.

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