- In January, we wrote an article detailing why we were assigning a Sell rating to BlackRock Credit Allocation Income Trust.
- The fund is down more than -14% since our rating.
- For a fund with an approximate 8.4% yield, the above change in price represents almost two years of dividends.
- With 7-year yields at approximately 3% now and the April 20th OIS curve showing a peak Fed Funds rate of 3.2%, we feel that the Fed is almost fully priced.
- This article covers CEFs from our suite of products - we focus on macro portfolio allocation, CEFs, and yield generating options strategies, targeting overall yearly portfolio returns of 9%+.
For further details see:
BTZ: Moving From Sell To Hold After A -14% Drop