VVR - BGB: Floating Rate Exposure Benefiting From 'Higher For Longer'
2024-04-29 06:12:40 ET
Summary
- Blackstone Strategic Credit 2027 Term Fund has been performing well since our prior update and seeing its discounts narrow.
- BGB benefits from hotter inflation and a resilient economy, which decreases the probability of rate cuts from the Fed.
- The Fund offers an attractive distribution yield of approximately 9.5% and has a diversified portfolio of senior secured loan securities.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Blackstone Strategic Credit 2027 Term Fund ( BGB ) has been on a strong run since our last update. On a total return basis, it has been rivaling the returns of the S&P 500 Index itself, often seen as a measurement for the broader equity market. A portion of the positive performance here were thanks to discount narrowing during this time....
BGB: Floating Rate Exposure Benefiting From 'Higher For Longer'