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I will confess right up front that I have no idea which way the economy or the markets are going to go in the next few months or in 2021. Obviously there are a lot of optimists who believe that a combination of aggressive actions by the Fed, a resilient corporate America committed to muddling ...
Author's note : This article was released to CEF/ETF Income Laboratory members on June 16, 2020. 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-...
Rick Rieder, Russ Brownback and Trevor Slaven contend that in the tug-of-war between the considerable economic damage stemming from the coronavirus and subsequent lockdowns, and the fiscal and monetary policy responses put in place, the latter factor is being underestimated by markets. Furthe...
Junk issuers have sold $46.7B of bonds so far in June, topping the previous monthly record of $46.4B in September 2013, according to data compiled by Bloomberg . More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, BlackRock Corporate H...
The lack of issuance and supply over the last almost year or so, that's what makes the TIC data so fascinating. And relevant, if for other reasons, too. CLO issuance, according to a bunch of sources, peaked back last June. Remember that whole "recession scare" with the yield curve last summer?...
Billionaire investor and GMO co-founder Jeremy Grantham is growing more and more sure that the U.S. stock market's rebound amid the coronavirus pandemic is a bubble that will end up hurting many people. "My confidence is rising quite rapidly that this is the fourth 'Real McCoy' bubble of my...
So much of the mainstream financial media focuses on the stock market, and yet the corporate bond markets, and that would include securitized product and even municipal bonds, have (in my opinion) a huge information vacuum for the smaller advisor or individual investor. The corporate bond ma...
By Kevin Flanagan, Head of Fixed Income Strategy As investors continue to sort through the aftermath of the bond market turmoil we witnessed in March, questions arise as to where there are potential relative value opportunities. The first sector that comes to mind is U.S. high-yield ((HY))...
Actionable Conclusions (1-10): Brokers Estimated Top 10 MoPay Equities To Net 12.8% to 29% Gains By June 2021 Five of the 10 top-yield MoPay stocks (shaded in the chart below) were verified as being among the top 10 gainers for the coming year based on analyst one-year target prices. Thu...
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...
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Aberdeen Income Credit Strategies Fund Company Name:
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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...