The benchmark, scheduled to be launched later this year, aims to establish a new standard for the growing asset class.

Morningstar has partnered with Houlihan Lokey, a California-based global investment bank, to develop a new suite of daily valuation indices aimed at helping investors measure and invest in collateralised loan obligations (CLOs). The indices will establish a benchmark standard for the CLO market As part of the collaboration, Morningstar Indexes will work with Houlihan Lokey’s Portfolio Valuation and Fund Advisory Services team to develop the Morningstar Houlihan CLO Indexes, scheduled t