Talk Your Book: Floating Rate Income

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 31 March 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Fran Rodilosso, Head of Fixed Income ETF Portfolio Management and Bill Sokol, VP and Director of Product Management to discuss what a CLO is, how the portfolio is constructed, the possible risks with CLOs, why spreads have remained so low in 2025, performance during recessions, and much more! Learn more at: https://www.vaneck.com/us/en/investments/clo-etf-cloi/overview/ Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Important Disclosures from VanEck: https://www.vaneck.com/us/en/talk-your-book-vaneck-disclosures-cloi/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Vanek.
0:03.5	Go to Vanek.com to learn more about their Vanek, C-L-O-E-T-F.
0:06.9	That's ticker C-L-O-I.
0:08.6	It's Vanek.com to learn more.
0:11.3	Welcome to Animal Spirits, a show about markets, life, and investing.
0:15.4	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching. All opinions
0:21.2	expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of
0:25.5	Ridholt's wealth management. This podcast is for informational purposes only and should not
0:29.9	be relied upon for any investment decisions. Clients of Ridholt's wealth management may
0:34.4	maintain positions in the securities discussed in this podcast.
0:44.2	Welcome to Animal Spurts with Michael and Ben. On today's show, we are talking about collateralized loan obligations. Wait, isn't that what almost took down the financial system
0:48.8	in 2008? No, not exactly. Those were collateralized debt obligations.
0:56.3	Some of them might have been inside CLO's been.
0:56.7	I don't know.
0:57.2	It's been a long time.
0:59.8	I haven't read too big to fail in 20 years.
1:03.8	I read a lot of very long magazine pieces about this stuff back then because there weren't really blogs and stuff to get into this.
1:07.2	But yeah, I think anything with the word collateralized in it probably has people feeling a little nervous.
1:11.3	Thank you for not checking my math there.
1:12.5	Okay.
1:13.5	A little bit off.
1:14.5	So we talked to Fran and Bill from Van Eck today, who work for their Fix Income
	...

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