FJNK News and Press, Pacific Global Focused High Yield ETF From 05/30/22

Monetary policy is meant to alter market behavior as the Fed tries to steer the economy toward its dual mandates of price stability and full employment. The stock market correction has been painful, and it may not be over. Avoiding pitfalls in fixed income is always important, eve...

With passive investments, investors can seek to quickly and efficiently gain exposure to credit assets when markets are down and withdraw after they have risen. One could potentially get a spread pickup of over 150 basis points for one BBB senior bond versus another with a similar dur...

There is no shortage of reasons for inflation’s push higher this year – commodity shortages due to the war in Ukraine, continued demand for housing amidst strong fundamentals, and low inventory and fresh lockdowns in China creating new waves of supply chain issues. Reces...

The primary concern for the public is by far inflation, not recession risk, and not the risk of a bear market in stocks given news headlines as a gauge of importance. The prior tightening seen in financial markets (10-yr UST yield jump) will likely weigh on future growth as measured b...

We have written previously about how hard it is for the Federal Reserve to determine policymaking interest rates when there is a simultaneous aggregate demand shock and aggregate supply shock. Finding a neutral real interest rate in periods of coincident epidemic shock and war shock i...

This year has seen significant volatility in credit markets given the tumultuous macroeconomic backdrop and hawkish Federal Reserve. Investment-grade bonds, bank loans, and high-yield bonds could perform differently now than in prior risk-off periods due to asset class-specific develo...

Looking for a tactical way to de-risk your portfolio? You might consider rotating a portion of your equity allocation into high-yield bonds. By shifting a modest allocation away from US equities and into US high yield, investors can actually boost risk-adjusted return potential. O...

Usually, widening spreads result in higher defaults. We don't think that's going to be the case this time. Traditionally, investors have viewed high yield as part of the fixed-income markets. Given that rates are going to rise, why would I invest in fixed income now? For fur...

Stocks are on track to register their sixth straight week of declines for the first time since the confluence of the eurozone financial crisis, credit rating downgrade of US Treasuries and a debt crisis debacle in Congress sent equities reeling in the late summer of 2011. When the S&a...

The US equity and fixed income markets are facing challenges due to a slowing US economy along with a significant pivot in monetary policy toward a more hawkish stance. Combating inflation has become a priority, and investor focus has shifted toward the uncertain impact of rising inte...