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Over the past year, a surge of investors drove high-yield bond prices back to pre-pandemic levels. The potential for a double-dip should increase insurance companies’ appetite for juicier high-yield offerings. While high yield improved its lot through the pandemic, some inv...
Risk-adjusted performance for the Global Market Index (GMI) continued to tick higher in May. GMI’s Sharpe ratio — a measure of risk-adjusted return – rose to 0.82 on a trailing 10-year basis through last month. That’s close to a pandemic high, but still...
The Global Market Index’s (GMI) expected risk premium held steady at 5.9% annualized in May, matching the previous month’s estimate. The framework for estimating equilibrium returns was initially outlined in a 1974 paper by Professor Bill Sharpe. Keep in mind, too, t...
The major asset classes delivered across-the-board gains for a second month in a row in May. Everything apart from cash was up last month, led by a sizzling rally in foreign inflation-linked government bonds. The FTSE Russell World Inflation Index ex-US surged 4.0% last month, the...
ACP jumps on the rights offering bandwagon to monetize its premium. Selling/shorting over the ex-rights date wins again. How to play it for those still in the fund. For further details see: ACP: Rights Offering Analysis
Aberdeen Income Credit Strategies (ACP) - a high-yield corporate bond CEF - is issuing a 5.25% A-rated preferred ACP.P, in part, to refinance its credit facility. A few points to watch are whether the fund will now increase leverage, its historic overdistribution and NAV drag, and its...
Aberdeen Income Credit Strategies Fund Announces Rights Offering And Monthly Distribution PR Newswire PHILADELPHIA , May 10, 2021 /PRNewswire/ -- The Board of Trustees (the "Board") of Aberdeen Income Credit Strategies Fund ( NYSE: ACP) (the "Fun...
Aberdeen Income Credit Strategies Fund Completes Public Offering Of Preferred Shares PR Newswire PHILADELPHIA , May 10, 2021 /PRNewswire/ -- Aberdeen Income Credit Strategies Fund (NYSE: ACP) (the "Fund"), today announced the closing of its offering of 1...
Diversification remains key. Flexible strategies can also take advantage of a more uncertain yield and spread environment. We continue to find reasonable opportunity in both public and private credit markets. We find value in non-agency mortgages and prefer cyclicals to growth sto...
Today's post rolls out the inaugural Risk Review column for the major asset classes, a monthly update that's the companion piece to the monthly performance report and risk-premia estimates. Risk analysis is a broad and deep subject and so this monthly update will be no one's idea of a...
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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...