MALVERN, PA — Pacer ETFs and Barings launched two actively managed fixed-income ETFs, expanding access to credit strategies tied to collateralized loan obligations and secured debt as investors look beyond traditional bond products for income and diversification.
The Pacer Barings CLO Market Flex ETF trades on Nasdaq under the ticker AAAP, while the Pacer Barings Secured Credit Flex ETF trades under PBSC.
The funds are managed by Barings’ Global High Yield and CLO platform and are designed to give investors exposure to credit strategies more commonly used by institutional investors.
AAAP seeks current income and capital preservation through an actively managed portfolio of CLO debt investments. The fund invests across CLO debt rating categories while maintaining an overall investment-grade quality profile, according to the companies.
PBSC takes a broader secured-credit approach, allocating across senior secured loans, corporate bonds, CLOs and other collateral-backed debt instruments. The fund targets current income and capital preservation, with capital appreciation as a secondary objective.
“As investors continue to look beyond traditional fixed income for diversification and income opportunities, we see growing demand for actively managed credit strategies that can adapt across market environments,” Sean O’Hara, president of Pacer ETF Distributors, said in a statement.
The launch expands Pacer’s actively managed ETF lineup and deepens its relationship with Barings, combining Pacer’s distribution platform with Barings’ credit and structured-finance capabilities.
Scott Roth, head of global high yield at Barings, stated that the ETFs extend the firm’s institutional credit strategies to a broader investor base and support growth in wealth-management channels.
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