Irish regulators give green light for 100% CLO exposure in UCITS
- Michelle D'Souza
The Central Bank of Ireland has confirmed that a UCITS fund domiciled in Ireland may now invest 100% of its NAV in CLOs, according to 9fin sources. At least 80% of the total CLO investment must be to the triple-A tranche, with the remainder being invested in investment grade.
These funds however cannot be marketed to retail investors.