BTO News and Press, John Hancock Financial Opportunities Fund From 06/16/21

20 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. GAB rights offering is now live. IGA/IGD/IDE tender results were pleasing, DEX tender coming up. DSE to merge into an open-ended fund soon. Portfolio holdings: distribution boost...

Financials are a big winner in 2021 so far as interest rate expectations climb. Higher rates typically are better for financial institutions, of which, BTO invests solely in financials. While the fund has been on a hot streak, the last few days led to some significant declines as ...

The financials and banking stocks have been some of the best performing of the reflation trade since the second half of 2020. On the whole, we know banks like to make their profits by lending long term and borrowing short term. In summary, the risk-reward setup for banks and finan...

Consumer Services climb to the top performing sector in May. Supply constraints limit output for basic material and consumer good sectors. Broadly positive economic conditions point to further closing in on the removal of accommodative policy. For further details see: U....

During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...

2021 has been a fairly exciting year with the indexes racing ever higher. Some volatility has created only short-term panics, mostly in the tech space. Energy and financials lead the way higher. For further details see: Income Ideas: 2021 Check-Up

Supply respite combines with persistent demand to fuel favorable loan market technicals. As loan supply set records in the first four months of the year, so too did new demand for loans. The loan markets' net forward calendar, which represents all institutional loans in the pipeli...

While interest rates have stabilized in recent weeks, investors were unnerved when yields spiked 75 bps in barely 10 weeks. The potential for another surge in interest rates probably leads the list of investor anxieties. Different sectors respond very differently to rising rates. ...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. The market downturn last year exposed the risk of high volatility and deep drawdowns with investing in close...

Revisiting my top ten closed-end fund positions and how they have changed from earlier this year. There have been a few changes to my top positions, including HTD and UTG now being my largest positions. 2021 has been a great year so far; for my portfolio and the broader markets. ...