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By Breakingviews Bond investors are showing an impressive willingness to help keep companies afloat amid dwindling revenue thanks to coronavirus lockdowns. So far this year firms have raised some $1.1 trillion in the U.S. high-grade bond market alone, almost as much as in all of 2019. Junk...
When last I wrote, corporate credit was trading at extreme levels only seen during two or three brief periods in the last 30 years. At the time, we were extolling the opportunity to buy credit assets at historically cheap levels, and while we could not predict where the market would bottom o...
While the US equity rally has been more “slow and steady” than “big and bold” in the last couple of weeks, credit markets have been flying. In the chart below we show the spreads on CDX HY, the index of high yield credit default swaps used as a reference for junk ...
Nothing has really changed yet in terms of “style-box” returns with Growth outpacing Value and Large-Cap beating Small-Cap. Late in the week of May 222nd, The CFA Society of Chicago held a webinar with Gina Adams of Bloomberg (one of Bloomberg’s Equity Strategists), whic...
Make no mistake in your thinking. Both the bond and the equity markets are being led by the Fed. We are in a time, because of the pandemic, when both Congress and the Fed are doing whatever they think is necessary to get the American economy back on track. The Congress is tossing money up into...
Author's note: This article was initially released on May 15, 2020 and data are from that date. Please check latest data before investing. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end ...
First off, a quick "hat-tip" or shout-out to Nicholas Colas and Jessica Rabe at DataTrek Research, who have been posting similar FRED (Federal Reserve Bank of St Louis) charts on the US corporate credit markets. After seeing DataTrek's credit spreads charts over the last few weeks, I went to F...
Even in good times, it's not unusual for companies clinging to the bottom rung of the investment-grade ladder to become fallen angels. Yet concerns surrounding fallen angels are especially pronounced today, and not just because of the coronavirus pandemic and concurrent oil crash. During th...
By Michael D. Hyman CIO, Global Investment Grade and Emerging Markets Invesco Fixed Income ; Matt Brill, Senior Portfolio Manager Senior Portfolio Manager ; Steven Thompson, Senior Client Portfolio Manager The central bank’s actions should support liquidity and ...
Actionable Conclusions (1-10): Brokers Estimated Top Ten MoPay Equities To Net 34% to 63% Gains By Mid-May 2021 Five of the ten top-yield MoPay stocks (shaded in the chart below) were verified as being among the top ten gainers for the coming year based on analyst one-year target prices. T...
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Aberdeen Income Credit Strategies Fund Company Name:
ACP Stock Symbol:
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PHILADELPHIA, PA / ACCESSWIRE / July 26, 2024 / The Board of Trustees of abrdn Income Credit Strategies Fund (NYSE:ACP) , announces today that shareholders of First Trust/abrdn Global Opportunity Income Fund (NYSE:FAM) ("FAM" or the "Acquired Fund") advised by First Trust Advisors L.P. have app...
2024-07-25 05:00:37 ET Few people pay much attention to the management team of a closed-end fund (CEF). But it’s becoming a much more critical factor driving CEF upside (and downside!), as well as these funds’ 8%+ dividend payouts. I was reminded of this recently by a ...
abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP” or the “Acquiring Fund”) and First Trust High Income Long/Short Fund (NYSE: FSD) (“FSD” or the “Acquired Fund”) announce today the completed reorganization of the Acquired Fund wit...