|Day's Range||23.25 - 23.28|
|52 Week Range||22.96 - 23.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.64%|
John Davi has a long track record of providing macro insights for major institutional money managers. He spent 18 years working for Morgan Stanley and Merrill Lynch. Now, he’s bringing his expertise to the ETF strategist space, opening this month Astoria Portfolio Advisors, looking to bring institutional-caliber investing strategies to retail and advisor clients.
Over the past two months, high yield bonds have managed to disengage themselves from the daily volatility of the crude oil market. Whether this is good or bad going forward is the question.
Despite their many positive attributes, it’s getting easier to pick on bank loans. On the plus side, these securitized loans made to companies rated below investment grade—also known as leveraged loans or senior loans—offer floating rates, so yields should rise as the Federal Reserve boosts interest rates. Despite the Fed’s rate hikes, yields on bank loans have fallen as many companies have refinanced their debt at lower rates (see “The Hidden Risks of Bank-Loan Funds,” Feb. 11).