January 2025

CLO Monthly Monitor

CLOs closed 2024 with another month of strong returns across the capital stack, although spreads widened in higher quality tranches.

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January 2025

CLO Monthly Monitor

CLOs closed 2024 with another month of strong returns across the capital stack, although spreads widened in higher quality tranches.

By 

By 

Table of
Contents


Here are some of the highlights for December’s performance:

  • Robust demand from CLOs, retail mutual funds, and ETFs continued to drive the primary loan market.
  • Sector performance was positive across 19 of the 20 sectors with food and drug the sole laggard.
  • CLO tranches delivered strong total returns in December, with the JP Morgan CLOIE Index reporting returns of0.50% (AAA), 0.57% (AA), 0.59% (A), 0.71% (BBB), and 1.26% (BB).


Here are some of the highlights for December’s performance:

  • Robust demand from CLOs, retail mutual funds, and ETFs continued to drive the primary loan market.
  • Sector performance was positive across 19 of the 20 sectors with food and drug the sole laggard.
  • CLO tranches delivered strong total returns in December, with the JP Morgan CLOIE Index reporting returns of0.50% (AAA), 0.57% (AA), 0.59% (A), 0.71% (BBB), and 1.26% (BB).

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