If you listen to people in the trenches, the collateralized loan obligation market is having a great year.
The amount of bonds outstanding is now approaching $1 trillion globally, according to JPMorgan Chase & Co., after defying doomsday predictions made during last year’s economic slump, according to attendees at IMN’s virtual CLO industry conference this week. CLOs hold compelling value in every ratings tier, which may bring in more investors as yields dwindle in other parts of credit markets, said Chris Saltaformaggio, a CLO investor at New York Life Investors.
Volta Finance Limited (LON:VTA) is a closed-ended limited liability company registered in Guernsey. Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.