finance question Collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs) were criticised for p

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finance question Collateralized debt obligations (CDOs) and collateralized loan obligations (CLOs) were criticised for p

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finance question
Collateralized debt obligations (CDOs) and collateralized
loan
obligations (CLOs) were criticised for playing a key role in
causing the financial
crash of 2008. Despite such criticism, the CLO market has grown
year on year,
with record issuances during 2020 and 2021. Why have CLOs
remained
popular and, from the perspective of an investor, what is the
appeal of CLOs?
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