|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.05 - 23.09|
|52 Week Range||22.96 - 23.46|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.64%|
Peter Tchir, Brean Capital’s macro income strategist, has an idea for investors looking for a ways to hedge credit risk: Short the popuar exchange traded fund PowerShares Senior Loan ETF (BKLN). There are lots of reasons this makes sense. Some are fundamental. BKLN, which owns leveraged loans, also known as bank loans, hasn’t slid in price, while high yield funds have.
BlackRock doesn't seem to see a lot of great options for fixed income investors. Case in point: In this month's fixed income strategy BlackRock's Jeffrey Rosenberg recommends floating rate bank loans while also warning of risks. Given the risk of rising rates, floating rate securities make the most sense.
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.