BlackRock to Launch AAA CLO ETFs in Europe, Expanding on US Success

BlackRock is set to launch two collateralized loan obligation (CLO) ETFs in Europe, targeting US dollar and euro-denominated CLOs. The iShares AAA CLO Active UCITS ETF and iShares € AAA CLO Active UCITS ETF have been filed with the Central Bank of Ireland. The move joins the wave of issuers tapping into Europe's burgeoning CLO space, with BlackRock already a CLO heavyweight in the US. The ETFs will offer a basket of exclusively US CLOs, meeting European regulatory standards.