FSK - BDC Market Weekly Review: High Valuation - A Performance Drag For Some BDCs
- We take a look at the action in BDCs through the first full week of October and highlight some of the key themes we are watching.
- BDC dividend yields remain attractive, particularly relative to high-yield corporate bonds, though investors have to watch for expensive valuations creating a drag on performance.
- We take a look at why FGB - the BDC CEF - has underperformed the broader sector as well as the two passive BDC ETFs.
- And highlight some news from FDUS, PFLT, HRZN and more.
- We continue to find value in BDCs with income tailwinds, strong and consistent historical performance and decent valuation such as TCPC, NMFC, FDUS and others.
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BDC Market Weekly Review: High Valuation - A Performance Drag For Some BDCs