… Focus Stock(s) of the Week : PIMCO High Income Fund ( PHK ). Last Week s Focus Stock : Invesco VK Senior Income Fund ( VVR ) CEF Weekly Review: On average, the 13 closed-end fund (CEF) types registered a share price advance of 0.8% for the …
By Joe Eqcome: Actionable Items: 1. Long: Nuveen Floating Rate Income Fund ( JFR ) and Invesco VK Senior Income Fund ( VVR ) ; 2. Sell: Pimco High Income Fund ( PHK ) . Observation: Over the trailing 12 months it appeared investors were far less …
By Martin Lowy : The concept of required regulatory capital for U.S. banks, not only the required amount, is changing significantly. That was one of the clear messages at a bank regulatory conference that I attended recently. The result is going to be that banks will have to disclose when their ...
By Andrew Boral : In a recent article , I discussed the merits of the multiple avenues for investing in senior secured loans. In fact, the number of CEFs investing in the bank loan market is more numerous than the listing in the first article was able to cover. This article is a continuation of the
By George Spritzer : Looking ahead in 2012 can be quite challenging given these macro issues- the Washington gridlock, European debt crisis, Middle East tensions and uncertainties about the Chinese economy. It is important to diversify and stay flexible. At the present time, based on the fixed ...
… question raised, I took another look at VVR . It doesn't seem quite as "pure" as ..... loans, but neither do the others sampled. VVR is still earning it's distribution and ..... noticed a newsletter issued yesterday had VVR as its pick in the asset class with a …
… focused in this area, some (eg, TDF, CHN) with in-country management. In the FI area, I believe floaters, such as PHD and VVR will make the hurdle. Any other candidates offered for total return??? TIA Obviously all of the above depends on one's …
Anyone reevaluating this CEF group? The two I follow (PHD, VVR ) are up another 2-3% today, maybe 5-7% for October to date. Still well below Summer highs. Might be time to reenter/add, even without evident prospects for LIBOR growth.
With the Fed not raising interest rates for at least 2 years until mid 2013, why would we consider buying floating rate CEFs? I see that PHD is down today, but the others(EFT, JRO,PFN,TLI, VVR , VTA) are up. TIA for an explanation. Gene
… prepare for rising rates. This seems a surrogate for saying that variable rate securities may have life after all. PHD and VVR , which are my personal favorities in this FRN space, have held up pretty well in NAV; discounts are now again becoming attractive …