LONDON,
Sept. 11,
2024 /PRNewswire/ -- Fair Oaks Capital has listed the
first European AAA CLO ETF on Deutsche Börse Xetra and Börse
Frankfurt (ticker: LAAA), offering
access to AAA-rated, floating-rate CLO notes. Trading commenced
today.
Fair Oaks AAA CLO ETF (FAAA) invests in AAA-rated
CLOs. FAAA was launched on the Alpha UCITS fund platform as an
additional listed share class of an existing Fair Oaks UCITS fund,
the Fair Oaks AAA CLO Fund (the Fund). The Fair Oaks fund was
launched in 2019 with Alpha UCITS and has over €150 million in
assets under management as of Aug. 30,
2024. The ETF share class offers investors access to the
existing, high-quality, diversified portfolio. The Fund invests
exclusively in AAA-rated CLOs, based on Fair Oaks' established
investment processes. FAAA is a long-only portfolio with no
leverage and is classified as Article 8 under the EU Sustainable
Finance Disclosure Regulation (SFDR).
The ETF is managed by a team of six
professionals, supported by the broader Fair Oaks credit team and
led by Miguel Ramos Fuentenebro and Roger Coyle, co-founders
and partners of the firm.
Ramos Fuentenebro, said, "The Fair Oaks AAA CLO
ETF gives investors efficient access to a broad range of AAA-rated
floating-rate instruments. These assets have demonstrated a
flawless performance record: from 1997 to 2023, no AAA-rated CLO
note has defaulted, as confirmed by S&P Global. We are
confident that the CLO market provides consistently strong,
repeatable risk-adjusted returns across different market
environments, outperforming many other credit strategies."
Stephane
Diederich, CEO of the Alpha UCITS platform, emphasised the
strategic importance of launching the Fair Oaks AAA CLO ETF share
class with an initial fund size of over €150 million, making it
highly attractive for institutional investors.
"The fund is well-positioned to meet the demands
of institutional investors who often seek to deploy large capital
allocations without exceeding ownership limits of a single ETF for
risk management purposes. This allows investors to gain meaningful
exposure while maintaining balanced risk across their portfolios,"
Diederich said.
The total expense ratio for the Fair Oaks AAA CLO
ETF is 0.35 percent.
About Fair Oaks Capital
Fair Oaks Capital is a specialist corporate
credit investment manager. Established in 2013 and operating from
offices in London and New York, Fair Oaks specializes in CLOs and
secured loans, managing over $3
billion in assets for a global client base, as of
July 31, 2024. The Fair Oaks Dynamic
Credit Fund, launched in 2016, was the investment industry's first
global CLO UCITS fund. For more information, visit
www.fairoakscap.com and www.CLO-ETF.com
About Alpha UCITS
Alpha UCITS is one of the oldest UCITS
distribution and structuring platforms. Alpha UCITS was founded in
October 2009 by Stephane Diederich, formerly a partner at Brevan
Howard Asset Management LLP. The company is based in London and is ranked among the top 10 UCITS
platforms by AUM. Alpha UCITS has won numerous industry awards as
"Best UCITS Platform" and "Best Third Party Marketing Firm." For
more information, visit www.alpha-ucits.com or write to
info@alpha-ucits.com.
Media Contacts for Fair Oaks Capital
Margaret Kirch
Cohen/Richard Chimberg
Newton Park PR, LLC
+1 847-507-2229, + 617-312-4281
margaret@newtonparkpr.com
rich@newtonparkpr.com
Notes to investors
The information contained in this press release
does not constitute an offer or solicitation for, or advice that
you should enter into, the purchase or sale of any security or
fund. Any views expressed are subject to change at any time.
This document is not intended for distribution to
or use by any person or entity in any jurisdiction or country where
such distribution or use would be contrary to law or regulation.
This document is not and should not be construed as an offer to
sell or the solicitation of an offer to purchase or subscribe to
any investment.
Any views expressed were held at the time of
preparation and are subject to change without notice. While any
forecast, projection or target where provided is indicative only
and not guaranteed in any way. Fair Oaks Capital Limited accepts no
liability for any failure to meet such forecast, projection or
target. The value of investments and any income from them can go
down as well as up and investors may not get back the amount
originally invested. Where overseas investments are held the rate
of currency exchange may also cause the value of such investments
to fluctuate.
Fair Oaks AAA CLO Fund (formerly known as Fair
Oaks High Grade Credit Fund) is a sub-fund (the "Fund") of Alpha
UCITS SICAV and issues both ETF share classes and non-ETF share
classes. Alpha UCITS SICAV is an undertaking for collective
investment in transferable securities organised as an "umbrella
fund" comprising multiple compartments, organised as a SICAV,
incorporated under the form of a public limited liability company
(société anonyme) and authorised under Part I of the Luxembourg law of 17
December 2010 on undertakings for collective investment.
This information contained in this press release does not
constitute an offer or solicitation to buy shares in the Fund.
The information contained herein is not for
distribution to and does not constitute an offer to sell or
solicitation of any offer to buy any securities in the United States of America to or for the
benefit of any United States
person(s). This material is not a solicitation, an offer, a
recommendation or advice to buy or sell investment products, or to
engage in other transactions. It explicitly does not take account
the investment objectives, knowledge, experience or financial
situation of any person. You should not act upon this information
in any way and you are advised to obtain professional advice which
does take account of your particular circumstances.
Detailed information for article 8 sustainable
investment products, as categorised under the Sustainable Finance
Disclosure Regulation (SFDR) can be found in the Fund's
Prospectus.
You should carefully read the Fund's
Prospectus and relevant Key Investor Information Document (the
"KIID"), as well as consult with your advisers before making a
decision to buy shares of the Fund. Investing in the Fund involves
risk, including without limitation risk of total investment loss
and other risks noted in the Fund's latest Prospectus and
KIID.
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SOURCE Fair Oaks Capital