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Axa credit fund benefits from CLO rise in December
Thursday, January 13, 2011
Axa Investment Manager’s structured credit fund Volta Finance reported a 5.9% increase in asset value in December. This was driven especially by an increase in the value of its CLO investments. Its CLO mezzanine positions were up 9%, and the value of its equity tranches rose 5%. Meanwhile, its corporate credit investments, which are mainly in Axa-managed synthetic CDOs, rose 3.8%, and its ABS portfolio was up 6.7%.
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CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
