By William Sokol Director of Product Management Don’t mistake CLOs for CDOs—CLOs invest in senior secured loans and have built-in risk protections that have been tested through two major market crises. Collateralized loan obligations (CLOs) are not the same thing as collateralized debt obligations (CDOs). While they both securitized products that, on the surface, share [...] The post CLOs vs. CDOs: Understanding the Difference appeared first on ETF Trends .