IVH News and Press, Ivy High Income Opportunities Fund of Beneficial Interest From 04/10/19

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past three months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high d...

A few weeks ago, we introduced a number of CEF systematic strategies with the Discount Sector Spread Strategy (DSSP) as the best performer of the lot. In this article, we quickly review how the strategy has been performing and what funds it is currently long. As of the last monthly rebalan...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past three months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high d...

The relentless bids in the U.S. Treasury market continue, with the 10-year Treasury yield closing last week at 2.41%. Given the fierce rebound in the high-yield market – with key high yield ETFs trading at fresh 52-week highs – I would have expected “risk free” inve...

By Matthew Sheridan As economic cycles enter their later stages, investors sometimes find that they're taking too much risk to generate income. There's a strategy that can help - and we think now is the time to use it. Pairing high-yield corporate bonds and other credit assets with high-...

This article was first released to CEF/ETF Income Laboratory subscribers 2 weeks ago. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500+ closed-end funds (CEFs) for further due diligence and investigation. The "High-High-Low" report was inspire...

allen Angel Watch: A Coming Wave of Downgrades? WILLIAM SOKOL: After several years of strong returns in a relatively benign environment, how can high yield investors position their portfolios for a possible turn in the credit cycle? I'm Bill Sokol. I'm here today with Fran Rodilosso t...

This article was first released to CEF/ETF Income Laboratory subscribers 1 month ago. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Based on feedback from members, ...

This report was issued to members on March 7. In March, we saw 17 funds boost their distribution by 2% or more while 30 funds cut their distribution by 2% or more. Of the increases, seven of the funds were munis while another seven were floating rate. We have been bullish on both of thes...

December offered credit investors a taste of what a real cyclical downturn might look like in a post-GFC (global financial crisis) world. Unsurprisingly, most did not enjoy the flavor. In concert with other risk assets, corporate credit saw considerable volatility and losses late in the year...