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Investors are finally hearing the warning signs.... "Investors Pull Cash From CLO ETFs in Biggest Outflow Since April" "...ETFs of collateralized loan obligations experienced an outflow of about $516 million last week, marking the first investor exodus in about six months, analysts at JPMorgan Chase & Co. led by Rishad Ahluwalia wrote in a Monday report. That compares to a weekly average of about $421 million of inflows over the past year, according to the analysts...." CLOs are Collateralized Loan Obligations. They are a bunch of loans that are often below investment grade and higher risk, bundled together. They are often bunched with other loans given to companies with lower credit ratings or who already have significant debt.
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