Global Index Fund Manager Successfully Trials Blockchain Securities

2020-06-11

Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS). The pilot has seen Vanguard partner with a large U.S.-based ABS provider, distributed ledger technology provider Symbiont, and financial institutions BNY Mellon andRead More →

Opioid distributors propose $1 billion legal fee fund

2020-02-20

© Reuters. Opioid distributors propose $1 billion legal fee fund – Bloomberg (Reuters) – McKesson Corp (N:), Cardinal Health Inc (N:) and AmerisourceBergen Corp (N:) have proposed paying more than $1 billion in legal fees for states, cities and counties suing over the companies’ handling of opioids, Bloomberg reported onRead More →

ETV: 8.9% Yield And A Defensive Approach To Large-Cap Equity Exposure – Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV)

2020-01-30

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV), with $1.04 billion in total assets, is an equity closed-end fund with an options-based strategy intended to generate income and reduce risk while managing tax implications. ETV currently yields 8.9% distributed on a monthly schedule, with a large component being a returnRead More →

Stone Harbor Emerging Markets Income: Dividend Cut Is The Latest Bearish Signal – Stone Harbor Emerging Markets Income Fund (NYSE:EDF)

2020-01-26

The Stone Harbor Emerging Markets Income Fund (NYSE:EDF) is a closed-end fund that invests in fixed income securities of emerging markets including sovereign debt, corporate bonds, and related derivatives. The fund currently has $147 million in total assets and seeks to maximize total returns with a high level of income.Read More →

The Chemist’s Quality Closed-End Fund Report: December 2019

2020-01-21

Chemist’s “Quality” Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds for further due diligence and investigation. Based on feedback from members, it seems that a very many number of investors, understandably, place a great emphasis on coverage and returnRead More →

Principal Real Estate Inc Fund: Top-Performing CEF With A Unique Strategy – Principal Real Estate Inc Fund (NYSE:PGZ)

2020-01-08

Principal Real Estate Inc Fund (NYSE:PGZ), with $155 million in net assets under management, is a closed-end fund with an investment focus on real estate securities through a combination of equities and U.S. commercial mortgage-backed debt securities. The fund utilizes leverage to provide a high current income, with capital appreciationRead More →

Why geopolitical events are not a good reason to buy gold

2020-01-06

Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →