New York Life Launches Actively Managed CLO ETF, Targeting High-Grade Income
Event summary
- New York Life Investment Management launched the NYLI Investment Grade CLO ETF (NYSE:CLOO) on May 6, 2026.
- The ETF focuses on investment-grade CLO tranches, with at least 80% of the portfolio in rated securities.
- Portfolio managers Arthur Torrey and Christian Saltaformaggio have managed CLO portfolios using a similar framework since 2010.
- New York Life Investment Management has approximately $807 billion in assets under management as of March 31, 2026.
The big picture
The launch of CLOO reflects the growing institutional interest in CLOs as a core fixed-income asset class, offering attractive income with structural safeguards. New York Life's move underscores the demand for actively managed, high-quality income solutions in today's uncertain market conditions. With $807 billion in AUM, the firm is leveraging its scale and expertise to provide investors with access to a segment of the fixed-income market that has historically been less accessible.
What we're watching
- Performance Differentiation
- How CLOO's actively managed approach will differentiate itself in a market where passive CLO products are more common.
- Market Conditions
- Whether the ETF can maintain its focus on capital preservation amid volatile rate and credit environments.
- Investor Adoption
- The pace at which investors embrace this new vehicle for CLO exposure, particularly in light of its structural protections.
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