BTO News and Press, John Hancock Financial Opportunities Fund From 03/23/20

Forgetting energy, the financials ( XLF   -8.9% ) got hit harder than any sector today after the Fed more or less pledged to buy nearly any piece of paper out there with freshly minted dollars. More news on: Financial Select Sector SPDR ETF, Bank of America Corporation, Citigroup In...

Co-produced by Stanford Chemist In a previous piece, we covered why an N-2 filing is important and what this could mean when the 497 was filed. We discussed that the N-2 was when closed-end funds filed a registration for new shares. This ultimately meant that a fund was either conducti...

In the 1980s, I founded a boutique investment research firm in Manhattan, and published institutional research I called “Contrarian Research.” I spent a lot of time in the oil patch, and lost more than my unfair share of money there. Of the bad bets, of which there were several, ...

Gold miners have significantly underperformed gold in the last month. In the month up before today's market open, the largest gold ETF (NYSEARCA: GLD ) is up 4.15%, but the ETFs containing gold mining stocks have fallen: GDX -11.34%, GDXJ -18.29%, RING -9.29%. More news on: SPDR Gold...

Even before coronavirus clouded the global economic outlook, Odeon Capital analyst Dick Bove was warning that the banking industry's business model was changing radically and would result in lower margins and profits for most of the companies in the sector. More news on: Financial Select S...

Co-produced by Stanford Chemist SEC form N-2 is an important form to watch out for when a closed-end fund files with the SEC. This form must be submitted by any CEF when they register to offer shares. This is either through a primary offering or a secondary offering. We had covered this...

BOSTON , Feb. 3, 2020 /PRNewswire/ - The following eight closed-end funds managed by John Hancock Investment Management LLC announced the results of their annual shareholder meetings: John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund ...

For income investors, closed-end funds, or CEFs, are an attractive investment class that offers high income generally in the range of 6%-10%, broad diversification in terms of a variety of asset classes, and market matching total returns in the long term if selected carefully and acquired at r...

S&P Global Ratings expects banks' revenue and earnings to be pressured by low rates. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial stocks news, Earnings news and commentary, News on ET...

With the new year  comes a new accounting standard  that will affect most big lenders in how they reserve for potential losses on loans. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Finan...