M&G Expands ETF Range With €200m-Seeded AAA CLO Strategy

M&G Investments has launched the M&G AAA EUR CLO Active UCITS ETF (MNGA), bringing its ETF lineup to five funds since entering the market in 2025. Seeded with €200m, partly from external investors, the actively managed ETF targets income and capital growth above the European AAA CLO market and charges a 0.25% TER. The fund invests at least 80% in AAA-rated CLOs, with up to 20% in AA-or-higher tranches. Its launch adds M&G to a growing European CLO ETF segment, where Janus Henderson currently leads by assets.