2024-04-14 08:45:00 ET
Summary
- The yields on assets like bonds, preferred shares, and certain equities are at levels finally worthy of notice.
- Western Asset Premier Bond Fund is an attractive yielding asset we've used for our clients who desire an income component to the equity strategy.
- We are frequently able to pay $95 for WEA shares that have a NAV of $100.
The following segment was excerpted from this fund letter.
Western Asset Premier Bond Fund ( WEA )
Although the rapid rise in interest rates contributed to Andvari's underperformance in 2022, there are silver linings to rates having risen to more normal levels. One benefit is the opening of new opportunities to invest in businesses whose market values have declined too much. The other benefit is pure and simple: the yields on assets like bonds, preferred shares, and certain equities are at levels finally worthy of notice....
Read the full article on Seeking Alpha
For further details see:
Andvari Associates - Western Asset Premier Bond Fund: Silver Linings In Rates