The Nasdaq-listed funds provide liquid exposure to institutional-style credit markets amid elevated spreads and shifting rate dynamics.
Pacer ETFs, a Pennsylvania-based asset management firm has partnered with Barings, a North Carolina-headquartered global alternative asset manager, to launch two actively managed fixed-income exchange-traded funds (ETFs). Both ETFs will be managed by Barings' Global High Yield and CLO platform The funds include the Pacer Barings CLO Market Flex ETF (AAAP) and Pacer Barings Secured Credit Flex ETF (PBSC), listed on the Nasdaq since 22 June. AAAP seeks current income and capital preservation