BKLN News and Press, Invesco Senior Loan From 01/08/21

Investors were overall net redeemers of fund assets (including those of conventional funds and ETFs) for the first week in three. Fund investors withdrew $5.4 billion from equity funds and a net $10.1 billion from money market funds. Meanwhile, investors were net purchasers of tax...

With a flurry of M&A activity in the BDC industry this year, GSBD and MMLC finally closed their merger on October 12, 2020. The resulting $3.3B portfolio makes GSBD the 7th largest BDC by AUM. With uncertainty in the market, GSBD presents an enticing investment opportunity wit...

Appaloosa reports fund value of $5.76B as on 30th June, 2020. More news on: AT&T Inc., Sysco Corporation, Altria Group, Inc., Tech stocks news, Energy stocks news, Healthcare stocks news, News on ETFs, Read more ...

Several readers and subscribers have expressed interest in floating rate funds, as these have minimal downside interest rate risk, and could even profit from rising rates as economic conditions stabilize. Due to this, I decided to take a look at some of the larger floating rate ETFs, to sele...

Having cut my teeth with high-yield (junk) bonds back in the heyday of the era when Drexel Burnham and Michael Milken ruled the kingdom from the famous X-shaped Beverly Hills trading floor (with Milken holding down the center point) and annually feted courtiers with what later became dubbed "...

A loan to Serta Simmons Bedding may cause lenders to distressed borrowers to rethink their risk models and demand higher interest rates. More news on: Eaton Vance Corp., Invesco Ltd., Apollo Global Management, Inc., Financial stocks news, News on ETFs, Read more ...

In a year defined by the coronavirus pandemic and extreme financial market volatility, the collapse in Treasury yields has been historic. Two emergency rate cuts by the Fed in March coupled with aggressive quantitative easing measures helped push interest rates to record low levels. The setup ...

In a recent article we discussed CEF sector distribution profiles and why we were leaning to those sectors that are likely to boast more resilient earnings and hence distributions. In this article we take a more micro perspective and take a look at fund-level distribution and, more specificall...

The abrupt halt to economic growth caused by the COVID-19 pandemic precipitated a sharp sell-off in the leveraged loan market in March, effectively shut the primary market, writes S&P Global Ratings' Taron Wade in a report on global credit trends. More news on: LogMeIn, Inc., El...

The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...