Anyone who wants their ETF with a side of extra initials is in luck: the letters “CLO” are appearing more and more often alongside fund names. That is, collateralized loan obligation exchange traded funds. Recently, companies, including Fidelity, Principal, Janus Henderson and Reckoner Capital Management, have added or prepped new CLO ETFs to their product lines. The funds invest in bundled corporate loans of varying credit quality. They’re also something the industry does not want investors to conflate w ...