Best European CLO ETFs in Italy
Investing in European CLO ETFs is a key strategy for Italy residents looking to protect their savings against inflation. In 2026, the European Central Bank (ECB) €STR overnight rate stands at 1.931%, directly influencing yields across the eurozone fixed-income universe.
With Italy inflation at 1.5% (HICP YoY) and a capital gains tax rate of 26.0% on interest income, finding products that deliver a positive real return after both taxes and inflation is essential to preserving your purchasing power.
What Are European CLO ETFs?
CLO ETFs (Collateralized Loan Obligations) are exchange-traded funds that invest in pools of corporate loans. European CLO ETFs typically focus on the highest-rated (AAA) tranches, offering floating interest rates that adjust with central bank rates. This provides higher yields than government bonds while maintaining strong credit quality.
How European CLO ETFs Work
You can buy and sell CLO ETFs on major stock exchanges using any broker. The ETF managers pool money to buy highly-rated securitized loans. Since the loans have floating rates, your yield adjusts to current market conditions.
Historical Evolution
Compare average European CLO ETFs returns against inflation over time
Compare European CLO ETFs Yields in Italy
| Type | Institution / Product | Gross Yield | After Tax | Real Yield | Status | Details |
|---|---|---|---|---|---|---|
| European CLO ETFs | Palmer Square EUR CLO Senior (PCLD) EU | 3.65% | 2.52% | +1.02% | Beats Inflation | TER: 0.25%, Passive AAA/AA EUR CLO Index, passive management |
| European CLO ETFs | Invesco EUR AAA CLO Dist (CLOD) EU | 3.55% | 2.44% | +0.94% | Beats Inflation | TER: 0.25%, AAA-rated EUR CLOs, distributing, ISIN: IE000U7LIXH5 |
| European CLO ETFs | Invesco EUR AAA CLO Acc (CLOA) EU | 3.55% | 2.44% | +0.94% | Beats Inflation | TER: 0.25%, AAA-rated EUR CLOs, accumulating, ISIN: IE000Y2JPPS4 |
| European CLO ETFs | Janus Henderson EUR AAA CLO EU | 3.55% | 2.44% | +0.94% | Beats Inflation | TER: 0.25%, AAA-rated EUR CLOs, active management |
| European CLO ETFs | iShares € AAA CLO Active (EUCL) EU | 3.50% | 2.41% | +0.91% | Beats Inflation | TER: 0.25%, actively managed AAA CLOs, BlackRock management |
| European CLO ETFs | UBS EUR AAA CLO UCITS ETF EU | 3.40% | 2.31% | +0.81% | Beats Inflation | TER: 0.28%, AAA-rated EUR CLOs, semi-annual distribution, launched July 2025 |