WIW News and Press, Western Asset Inflation-Linked Opportunities & Income Fund From 09/04/21

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Only one fund with >100% coverage had a negative z-score this month. FPL could be worth a look. For further details see: The Quality Closed-End Fund Report, Au...

Risk-adjusted performance continued to rise in August for the Global Market Index. Sharpe ratios in global markets generally are elevated. GMI represents a theoretical benchmark for the “optimal” portfolio. For further details see: Major Asset Classes | Aug...

The expected risk premium for the Global Market (GMI) ticked up in August, reaching an annualized 6.1%, slightly above the previous month’s estimate. Despite the comparatively high GMI forecast, the current estimate remains well below the index’s realized risk premium fo...

The winning streak for American shares rolled on in August. US stocks rose for a seventh straight month and posted the strongest gain for the major asset classes. US bonds also lost ground in August. The Bloomberg Aggregate Bond Index slipped 0.2%, the first monthly decline for the be...

The real interest rate is the nominal interest rate adjusted for the expected change in the associated currency’s purchasing power, where “expected” is the operative word. Of course, when you buy the security, you have no way of knowing what will happen to the cur...

After nearly three decades of low levels, inflation has recently emerged as a primary concern for investors. But many stocks are at or near all-time highs and valuations may appear to be expensive, so rather than choosing individual equities, a trader may opt to use CME Group’s...

For the ninth month in a row, equity CEFs on average posted positive returns, rising 0.18% on an NAV basis for July. While for the fifth month running, fixed-income CEFs posted plus-side returns (+0.60%). Thirty-four percent of all CEFs traded at a premium to their NAV, with 32% o...

GMI’s 10-year Sharpe ratio (SR) edged up for a fifth straight month to 0.86, the highest since January 2020, based on a rolling ten-year window via monthly data. Profiling GMI through a drawdown lens also reflects an extended stretch of low risk. GMI is useful as a baseline...

The projected risk premium for the Global Market held steady in July at an annualized 6.0%, unchanged from the previous month. Despite the recent bounce, GMI’s trailing 10-year performance remains well below the previous 8%-plus peak. No one really knows what risk premia wi...

June numbers show continued strength, which will likely continue into the second half of 2021. Long-term rates were mostly muted but with a flatter curve, implying that investors are pulling forward the timing of Federal Reserve's asset-purchase tapering and rates lift-off. June's...