Alternative Access Funds launches AAF first-priority CLO bond ETF

By Taylor Fox

New York, Sept. 9 – Alternative Access Funds, LLC launched its AAF first-priority CLO bond ETF under the ticker symbol AAA, according to a news release.

The ETF will be one of the first of its kind in the marketplace that gives investors the ability to purchase direct exposure to first-priority collateralized loan obligation bonds.

As previously reported, the new ETF will focus on its investments in dollar-denominated first-priority AAA-rated CLO bonds with the aim of delivering returns consistent with the general broadly syndicated floating-rate AAA-rated CLO bond universe.

“From the first day we started this venture almost two years ago, our mission was to give investors access to a segment of the credit universe that we believe is often misunderstood but in fact has the potential to provide relatively attractive returns with a great deal of capital preservation,” said founding partner Peter Coppa.

AAA is the first ETF launched by Alternative Access.

New York-based Alternative Access is a fund and ETF provider for alternative credit investments.

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