An Income-Focused Solution for a Yield-Challenged Environment etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
May 6, 2021
On Thursday, WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, announced the launch of the
WisdomTree Alternative Income Fund (HYIN). HYIN seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (GLACI). It carries an expense ratio of 3.20%.
Gapstow Capital Partners, a recognized alternative credit leader, has created the GLACI, which is an equal-weighted index that tracks the performance of debt and debt-based securities of approximately 35 “Publicly Traded Alternative Credit Vehicles” (PACs) that consist of Business Development Companies (BDCs), Real Estate Investment Trusts (REITs), and Closed-End Funds (CEFs).
With $1 Trillion of Distress Gone, Funds Find Scraps
Bloomberg 11 mins ago Katia Porzecanski and Katherine Doherty
(Bloomberg) For investment firms that profit by buying the debt of troubled companies, it looked like the opportunity of a lifetime: a $1 trillion pile of distressed bonds and loans in the Americas alone as the pandemic sent markets into meltdown last March.
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But after a massive federal bailout and rock-bottom interest rates kept even some of the shakiest companies afloat, those juicy targets have shriveled to less than $100 billion. That’s left distressed-debt specialists who at one point last year had $131 billion to spend rummaging for increasingly elusive bargains. Even the real estate sector, which was hammered after the pandemic shuttered offices, hotels and stores, has managed for now to avoid an epic wipeout.
With $1 Trillion of Distress Gone, Debt Pickers Find Scraps Distressed debt specialists who at one point last year had $131 billion to spend are rummaging for increasingly elusive bargains. Bloomberg | Apr 06, 2021
(Bloomberg) For investment firms that profit by buying the debt of troubled companies, it looked like the opportunity of a lifetime: a $1 trillion pile of distressed bonds and loans in the Americas alone as the pandemic sent markets into meltdown last March.
But after a massive federal bailout and rock-bottom interest rates kept even some of the shakiest companies afloat, those juicy targets have shriveled to less than $100 billion. That’s left distressed-debt specialists who at one point last year had $131 billion to spend rummaging for increasingly elusive bargains. Even the real estate sector, which was hammered after the pandemic shuttered offices, hotels and stores, has managed for now to avoid an epic wipeout.
With US$1 trillion of distress gone, debt pickers find scraps bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.