Watchlist

Watchlist
Ares Dynamic Credit Allocation Fund... (ARDC)
Ares Dynamic Credit Allocation Fund... (ARDC)
What Might Rising Rates Mean For High Yield Bonds?
Posted by Scott Roberts, Head of High Yield and Shawn Pope, Quantitative and Factor Analyst on May 25, 2018, in Fixed Income US interest rates have defied market expectations in recent years, staying historically low despite solid economic growth. But in the last year, and especially the…
Rich Yields Coming To Those Who Buy Low
As shown here, corporate debt as a percentage of GDP has reached historic cycle extremes once more, similar to levels that preceded the last 3 recessions (olive bars). As energy prices and interest rates have risen in the past 2 years, free cash flow is naturally eroding. Meanwhile covenant…
Speculative-grade corporate default seen falling to 2.5% by March 2019: S&P
via Bloomberg More news on: iShares iBoxx $ High Yield Corporate Bond ETF, SPDR Bloomberg Barclays High Yield Bond ETF, Credit Suisse High Yield Bond Fund, Financial stocks news, News on the U.S. economy, News on ETFs, Read more …
Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.
Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) as of April 30, 2018 is now available via www.arespublicfunds.com . About Ares Dynamic Credit Allocation Fund, Inc. Ares Dy…
Dividend Cuts - Managing Their Impact On Our 'Income Factory'
A reader recently asked me how I react to dividend cuts in the funds I own. While my answer (linked here) wasn't bad, the question prompted me to think about the subject more seriously and try to come up with a more thoughtful response. My goal, long term, is to earn an "equity return" of …
The Chemist's Quality CEF Report - April 2018
For the inaugural issue of The Chemist's Quality CEF Report (September 2017), describing the background and rationale of the Report, please click here . Data were taken from the close of Apr. 13, 2018. The Chemist's Quality CEF Report is a monthly feature. Previous editions of the Report …
Few Signs Of Trouble In The Junk Bond Market
By becoming the second-longest economic expansion in the 242-year history of the United States, the present nine-year boom is certainly long in the tooth. It is natural in such an elongated expansion for one to look for signs of trouble in the economy as recessions and bear markets tend to co…
Want Sustainable Income? Spread Your Risk Around
By Gershon M. Distenfeld, CFA Investors often say they're worried about having too much high-yield bond exposure so late in the credit cycle. But many are still chasing returns in equities and other assets with even higher risk. We've got a better idea. Don't get us wrong. We recognize h…
Credit Take 2: Taking A Pulse On Corporate Fundamentals
In this second blog of a dedicated series on credit, we take a closer look at the current state of corporate fundamentals. As the synchronized global economic expansion rolls on, the near-term economic outlook remains supportive for risk assets. Nevertheless, we need to be attentive to eme…
If 'High Yield' Is So Scary, Why Do You Own So Much? (Hey, I'm Talking To You, Equity Investor!)
"High yield" is one of those topics that many authors and readers seem to love to wring their hands over. A recent example is this article, on which I commented in an effort to provide some perspective: The High Yield 'Fear Factor' - Hype Or Harbinger? And this one: Leveraged Loans Major Co…
Ares Dynamic Credit Allocation Fund... (ARDC)
Ares Dynamic Credit Allocation Fund... (ARDC)