Guggenheim Investments has launched a collateralised loan obligation (CLO) exchange-traded fund (ETF) as more managers enter the growing market.

The global asset manager said the vehicle will give investors exposure across the CLO capital structure, spanning AAA to equity tranches.

It comes as other asset managers have also expanded into the CLO ETF space, with Janus Henderson reaching $30bn (£22bn) in assets under management for its AAA CLO ETF this month. This comes as investors have increasingly turned to CLO ETFs amid this year’s rate volatility.

Read more: M&G launches European CLO ETF

The Guggenheim Investment Grade CLO ETF (GCLO) was launched alongside the Guggenheim Enhanced Equity Income ETF (GEEQ).

Guggenheim Investments manages around $367bn in total assets across fixed income, equity and alternative investments. The firm also has the Guggenheim Securitised Income ETF (GISC) and the Guggenheim Ultra Short Income ETF (GCSH) as part of its “expanding” ETF platform.

Read more: Muzinich launches European CLO ETF

“The response to our return to the ETF market with GISC and GCSH reinforced what we’ve long believed, advisors and individual investors want access to the same active, research-driven strategies we’ve delivered to institutions for decades,” said Dina DiLorenzo, president and head of Guggenheim Investments. “GEEQ and GCLO extend that access into two areas where our teams have deep expertise: equity income enhanced by systematic options strategies, and the full CLO capital structure.”