- Reuters•17 hours ago
Bank-loan funds that aim to pay investors more when interest rates increase are having their best fundraising streak in more than two years as buyers chase performance and the fulsome prices the investments now command. The products, which are sold as mutual funds and exchange-traded funds, purchase floating-rate loans which will pay out more in interest if the key benchmark London interbank offered rate (Libor) crosses above the 1 percent mark. Investors are eying the December U.S. Federal Reserve monetary policy decision with increased anticipation as the central bank is widely expected to raise rates.
- Reuters•5 days ago
Eaton Vance Corp on Friday said it will take over Calvert Investment Management, once a trailblazer in socially responsible investing that lately has struggled with customer withdrawals and mispriced bonds. Eaton Vance executives said they plan to cut some of Calvert's 95 jobs and replace stock fund managers, but said they will leave intact the advocacy mission of the $12.3 billion investment firm. "We understand these are mission-driven funds," said Eaton Vance Chief Executive Officer Thomas Faust in a telephone interview.
- Barrons.com•6 days ago
Eaton Vance (EV) is higher Friday, after agreeing to buy the business assets of Calvert Investment Management, for undisclosed terms. Citi’s William Katz and Jack Keeler reiterated a Neutral rating on the stock today following the news, but write that on first blush they like the deal, as Calvert could be fee accretive to Eaton Vance and the sustainable investing space could be a profitable area for the firm to expand.
Eaton Vance Corp. (EV)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||33.57 x 100|
|Ask||37.30 x 200|
|Day's Range||36.72 - 37.14|
|52wk Range||26.44 - 40.36|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||17.72|
|Avg Vol (3m)||666,752|
|Dividend & Yield||1.12 (3.00%)|