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☆ Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a 'six-month thing' as rates fall
▼ + stars: | 2024-06-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Barry Sternlicht, chairman and CEO of Starwood Capital Group, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, on May 7, 2024. Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from his real estate fund amid mounting losses and redemption requests. The firm said the real estate trust, one of the largest in the world, maintained $752 million of immediate liquidity as of the end of April. Sternlicht called the Fed's monetary policy "unbelievably ineffective," but he believes interest rates will come down soon. "The real estate asset class is probably the biggest victim of the unintended consequence of his actions," he said.

Persons: Barry Sternlicht, The Beverly Hilton, Sternlicht, who've Organizations: Starwood Capital Group, The Beverly, Starwood, Income Trust Locations: Beverly Hills , California

☆ Watch CNBC's full interview with Starwood Capital chairman and CEO Barry Sternlicht
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Starwood Capital chairman and CEO Barry SternlichtBarry Sternlicht, Starwood Capital chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, real estate trends, limiting redemptions on property fund, the Fed's inflation fight, impact of interest rate hikes, and more.

Persons: Barry Sternlicht Barry Sternlicht Organizations: Starwood Capital

☆ Barry Sternlicht on why rents are 'guaranteed' to go up in 2026 barring a recession
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Sternlicht on why rents are 'guaranteed' to go up in 2026 barring a recessionBarry Sternlicht, Starwood Capital chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, real estate trends, limiting redemptions on property fund, the Fed's inflation fight, impact of interest rate hikes, and more.

Persons: Barry Sternlicht Organizations: Starwood Capital

☆ U.S. appeals court rejects SEC oversight rule for private equity, hedge funds
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +3 min

Circuit Court of Appeals decided that the SEC exceeded its authority by adopting the rule in August 2023. The latest decision addressed rules covering private equity funds, hedge funds, venture capital funds and managers of funds for institutional investors such as pension funds and endowments, among others. Industry critics said this lack of transparency has hurt ordinary investors with indirect exposure to private funds, such as through pension and retirement plans. Private funds often attract well-heeled, sophisticated investors, and as a result have received less federal regulatory oversight than investments geared toward ordinary investors. In announcing the new rules, SEC Chair Gary Gensler said they would benefit "all investors, big or small, institutional or retail, sophisticated or not."

Persons: Gary Gensler Organizations: U.S . Securities, Exchange Commission, Securities and Exchange Commission, Circuit, Appeals, SEC, U.S, Democratic, Republican, National Association of Private Fund, Alternative Investment Management Association, American Investment Council, Trading Association, Association, National Venture Capital Association Locations: Washington ,, U.S, New Orleans

☆ Starwood Capital CEO Barry Sternlicht: Fed rate hikes aren't impacting this job market
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarwood Capital CEO Barry Sternlicht: Fed rate hikes aren't impacting this job marketBarry Sternlicht, Starwood Capital chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, real estate trends, limiting redemptions on property fund, the Fed's inflation fight, impact of interest rate hikes, and more.

Persons: Barry Sternlicht Organizations: Starwood Capital

☆ Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago
▼ + stars: | 2024-05-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Customers with funds locked up in crypto exchange Gemini's defunct crypto lending program are finally going to start getting their money back. The email adds: "This means that if you lent one bitcoin in the Earn program, you will receive one bitcoin back. At $2.18 billion, the fund distribution represents a 232% recovery for users since Gemini froze withdrawals for customers of its Earn program 18 months ago. Gemini then lent customers' crypto to institutional borrowers through Genesis Global Capital, its lending partner of choice. In November 2022, Genesis Global Capital paused new loan originations and redemptions, forcing Gemini to halt withdrawals from its Earn program.

Persons: Tyler Winklevoss, Cameron Winklevoss, Cameron, Genesis, Gemini, Letitia Organizations: Gemini, Mana Convention, Genesis Global Capital, New York Locations: Wynwood, Miami , Florida, Manhattan

☆ Billionaire investor Barry Sternlicht, master of the downturn, is now embroiled in one
▼ + stars: | 2024-05-24 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +6 min

Read previewBarry Sternlicht became a real estate billionaire by snapping up commercial properties on the cheap during market downturns. The 63-year-old Miami-based executive, who built his firm Starwood Capital into a more than $100 billion real estate investment behemoth, has now found himself on the flipside of that formula. The situation is a reversal of fortune for Sternlicht, who is more used to capitalizing on real estate dips than becoming entangled in them. But investor sentiment darkened as interest rates rose and put pressure on real estate asset values. "They're concerned that there may be more markdowns in net asset value if interest rates stay higher for longer.

Persons: —, Barry Sternlicht, SREIT, Sternlicht, Matt Malone, REITs, Malone, Kevin Gannon, Gannon, Jon Mechanic, Fried Frank, Mechanic, Barry Organizations: Service, Starwood Capital, Starwood, Income Trust, Business, Federal Reserve, Shareholders, Westin, Caesars, Opto Investments Locations: Miami, Vegas, SREIT

The information for the following product(s) has been collected independently by Business Insider: Wyndham Rewards® Earner Plus Card, Wyndham Rewards® Earner Card, Wyndham Rewards® Earner Business Card, Capital One Spark Miles for Business†, Capital One Spark Miles Select for Business†. Introduction to Wyndham RewardsWhile it's often overshadowed by bigger and flashier hotel loyalty programs, Wyndham Rewards deserves some attention, too. How to join Wyndham Rewards and start earning points and elite statusTravelers can enroll in Wyndham Rewards for free, and automatically receive free Wi-Fi during stays. Earning Wyndham pointsThere are myriad ways to accumulate Wyndham points, beginning with the most obvious option: Hotel stays through Wyndham. Wyndham Rewards frequently asked questionsHow can I earn Wyndham Rewards points without staying at a hotel?

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☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ This fund that lets retail traders invest in SpaceX and OpenAI is trading at a massive premium
▼ + stars: | 2024-04-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

DXYZ 1M mountain The Destiny Tech 100 fund has seen big swings and is trading well above its net asset value. "It's common for them to not trade exactly at their NAV, but trading at a premium is very strange. Robinhood confusion The popularity of the new fund appears to have caused some confusion on retail brokerage app Robinhood . According to Prasad, the Destiny fund was previously available for trading on brokerage Robinhood, but they started seeing complaints last week that things had changed. "Our focus is not on the premium," but in building out the fund, Prasad said.

Persons: Jack Shannon, Shannon, Chelsea Childs, Sohail Prasad, Prasad, Robinhood, Chelsea, Destiny Organizations: SpaceX, New York Stock Exchange, Tech, Morningstar, Gray, CNBC, Trust

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☆ The total solar eclipse is in less than a week away. People are scrambling to make – or change – plans
▼ + stars: | 2024-04-02 | by ( Terry Ward | ) edition.cnn.com time to read: +12 min

For some, plans for where to fly, drive and stay to hopefully catch a glimpse of the last total solar eclipse in the contiguous United States until 2044 have been in place for months or even years. The total solar eclipse’s path of totality — where the moon completely blocks the face of the sun — stretches across portions of 13 US states as well as parts of Canada and Mexico. A view from a plane during an eclipse flight from the Russian city of Murmansk to observe a solar eclipse on March 20, 2015, above the Norwegian Sea. Airbnb reports a 1000% surge in searches for stays along the entire path of totality over the solar eclipse weekend for check-ins on April 7, 2024. Austin and the surrounding Hill Country area and Indianapolis are among the most booked destinations across all of North America on Airbnb for the solar eclipse weekend, Thorn said.

Persons: Mark Littmann, ” “, ” Littmann, “, ” Judette Louis of, TikTok ”, Louis, ”, there’s, Littmann, “ You’ve, Steven Robicsek, Steven Robicsek Steven Robicsek, Robicsek, “ It’s, haven’t, Robyn Beck, Katy Nastro, ” Nastro, Sergei Karpukhin, Ben Kaufman, JSX, ” Kaufman, St . Louis, Jeff Roberson, Haven, Thorn, Madison Graça, Graça, ” Graça Organizations: CNN, North, Eclipse, Getty, Houston, Austin, Little, Evansville, Chicago, Indianapolis, Dallas Love Field Airport, Flight Museum, AP, Airbnb, Diego, Madison Locations: United States, Canada, Mexico, ” Judette Louis of Tampa , Florida, Cleveland , Ohio, Tampa, Cleveland, Sandy Run , South Carolina, Gainesville , Florida, Waco , Texas, Florida, La Pine , Oregon, AFP, Dallas, Memphis, Nashville, Russian, Murmansk, Norwegian, Kerrville , Texas, San Antonio, Austin, St ., Richardson , Texas, Springs , Arkansas, Bloomington , Indiana, Indianapolis, North America, Texas, San Diego, Hico , Texas, Oregon

☆ These other crypto trades are having big years as bitcoin hits a record high
▼ + stars: | 2024-03-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Start with the arrival of bitcoin exchange traded funds, which is often pointed to as one of the sparks of the crypto rebound. IBIT 1M mountain Bitcoin ETFs, like iShares' IBIT, have surged over the past month as the cryptocurrency has raced to a new record high. MSTR 1M mountain Shares of Microstrategy are outperforming bitcoin over the past month. Stock Chart Icon Stock chart icon Bitcoin ETFs, like iShares' IBIT, have surged over the past month as the cryptocurrency has raced to a new record high. Stock Chart Icon Stock chart icon Shares of Microstrategy are outperforming bitcoin over the past month.

Persons: Kenneth Worthington, It's, cryptocurrencies Organizations: Fidelity, Bitcoin, JPMorgan, Marathon, Getty

☆ Private credit may offer high yields, but investors should tread carefully. What to know
▼ + stars: | 2024-02-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Private credit has become a hot investment on Wall Street as institutional investors seek out alternative investments with attractive dividends. "Investors might consider allocating a portion of their portfolio to private credit, depending on their individual risk tolerance, investment horizon and financial goals." Private credit funds have yields generally in the low-teens, although it can vary, he said. In a February report on U.S. life insurance ratings, Fitch Ratings said, "elevated private credit borrower leverage and a relative deterioration in private credit terms and conditions during more competitive lending environments are adding to pressures in the credit quality of private credit assets." The majority of the portfolio is in direct lending private credit, but a portion is also in publicly-traded securities of larger corporate issuers.

Persons: SoFi, Vivek Paul, Paul, Goldman, Greg Olafson, David Solomon, Fitch, Lisa Kwasnowski, Blackstone, Kwasnowski, Chuck Failla, it's, Failla, Oppenheimer, Mitchel Penn, Penn, Ares Capital, They've Organizations: Street, Franklin BSP Private Credit Fund, CNBC, Wall, BlackRock, Research, Management, UBS, Blackstone Private Credit Fund, Sovereign Financial Group, Securities and Exchange Commission, Owl, Golub, Ares, Sixth, SEC Locations: DBRS Morningstar's

☆ 6 rules to follow to invest like Jim Cramer from when to buy and sell and when to be patient
▼ + stars: | 2024-02-27 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

On the other hand, if you find a great company with a broken stock, the price will eventually follow the strong fundamentals. We didn't see anything on the earnings release or hear anything on the conference call that led us to believe otherwise. Look no further than Danaher 's fourth-quarter earnings release and price reaction. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, aren't, it's, Omaha Warren Buffett, Patience, Nelson Peltz, Jim, he's, isn't, Jim Cramer's Organizations: CNBC, Bulls, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Palo, Investors, GE Healthcare, Abbott Labs, Omaha, Disney, ESPN, Charitable Trust, Investing, Broadcom, VMware, Jim Cramer's Charitable Locations: New York City, GLP1, cybersecurity

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Lawmakers also said Wednesday that they want to at least temporarily suspend a sales tax exemption on equipment offered to data centers. Burt Jones touts as a way to shore up tax revenue so that Georgia could further cut its income tax rate for all residents and businesses. A study last year by Georgia State University suggested the state saw a return of less than 20 cents on the dollar. However, the credits are transferrable — production companies can sell them to any individual or business with state income tax liability. The data centers tax credit is projected to cost the state $44 million in foregone sales tax revenue this year, according to a 2022 University of Georgia study.

Persons: Shaw Blackmon, “ We’re, Burt Jones, ” Jones, Blackmon, Jon Burns, Georgia Power, Burns Organizations: ATLANTA, — Top, Marvel, Bonaire Republican, Georgia, Lawmakers, Georgia Power Co, Republican, Gov, Georgia State University, Atlanta, Newington Republican, of Georgia Locations: — Top Georgia, Georgia, Peach State, Hollywood, Bonaire

The information for the following product(s) has been collected independently by Business Insider: Citi® Double Cash Card. If you aren't familiar with Laurel Road, it has been a lending division of KeyBank, and it's starting to expand into other areas to serve standard banking needs. Laurel Road student loans is what the brand has been primarily associated with. Laurel Road Student Loan Cashback Card OverviewThe Laurel Road Student Loan Cashback Card has a straightforward structure:No annual feeNo foreign transaction feesNo interest for the first year$300 student loan cashback bonus if you spend $3,000 within the first 90 days2% cash back to redeem on your student loan payments1% cash back for all other redemptionsPaying down your student loans with the rewards from your card is super simple. According to data from the Federal Reserve, the country currently has a staggering load of nearly $1.6 trillion of student loan debt.

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☆ Bitcoin tries for a winning week as investor worries about GBTC sell pressure subside
▼ + stars: | 2024-01-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. It's on pace, however, to post a nearly 10% decline for the week. If premarket gains hold, Coinbase is is on pace to end the week up 1% for the week. It would mark for its first positive week in five. Bitcoin miner Riot Platforms is set to rise 9% this week and also post its first positive week in five.

Persons: Bitcoin, It's, John Todaro, Nikolaos Panigirtzoglou, — CNBC's Gina Francolla Organizations: Metrics, JPMorgan, U.S, CNBC PRO Locations: GBTC

☆ Bitcoin ETFs have a key difference from their stock fund counterparts
▼ + stars: | 2024-01-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The U.S. Securities and Exchange Commission pushed for bitcoin exchange-traded funds to have a key difference from major stock funds, and that decision's effect on how the funds trade will only become clear over time. The bitcoin funds that launched Thursday are using a share redemption process that turns the underlying crypto into cash. Most ETFs primarily use an in-kind redemption process, where the underlying asset does not have to be actually sold. There is some concern that using the cash-only redemption model could make the plumbing of the ETFs less efficient. Using cash-only redemption could result in ETFs that have weaker liquidity and wider bid-ask spreads, Grayscale argued.

Persons: Bryan Armour, Steven McClurg, McClurg, Jeremy Senderowicz, Vedder Price, Gary Gensler, Senderowicz Organizations: U.S . Securities, Exchange Commission, North America, Morningstar, SEC, APs, CNBC PRO Locations: bitcoin

☆ Lone Pine, Steve Mandel's $15 billion hedge fund, bounced back in 2023 following clients pulling out billions
▼ + stars: | 2024-01-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Despite billions leaving the firm, Lone Pine Capital ended strong last year. The manager was down 38% and 42% in its hedge fund and long-only strategy, respectively, last year. Bloomberg reported in August that clients had pulled roughly $3 billion out of the firm in the 12 months leading up to July 2023. The firm's strong 2023 performance bested the average hedge fund, which returned less than 8%, according to Hedge Fund Research. Still, the flagship hedge fund strategy trailed the S&P 500, fellow Tiger Cubs like Tiger Global and Coatue, and other tech investors like Whale Rock and Light Street.

Persons: Cub, Steve Mandel, Pine, Mala Gaonkar's, Peers Organizations: Lone, Lone Pine Capital, Business, Bloomberg, Fund Research, Viking, D1 Capital, Tiger Cubs, Tiger, Nasdaq Locations: Lone Pine, Cypress, Greenwich

☆ Consumer prices are cooling, but BlackRock bets on inflation-protected bonds for the long term. Here's why
▼ + stars: | 2024-01-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Inflation-protected bonds may be the last thing on investors' minds amid cooling prices, but BlackRock is betting on the securities for the longer term. Due to that, BlackRock named inflation-protected securities one of its top 2024 strategic calls for those with a time horizon of five to 10 years. "We see inflation going through a roller coaster over a longer term," Li said. Buying TIPS Investors can buy TIPS in five-year , 10-year and 30-year terms through the TreasuryDirect website . BlackRock, which has a traditional TIPS ETF, also recently launched a suite of defined maturity TIPS ETFs last fall.

Persons: Wei Li, Li, BlackRock, We've Organizations: BlackRock, Bank of America Securities, U.S . Bureau of Labor Statistics, Federal Locations: redemptions, U.S

☆ The ETF flowdown: 2023 is back on pace to be a solid year
▼ + stars: | 2023-12-15 | by ( Kirsten Chang | ) www.cnbc.com time to read: +4 min

watch nowDespite a sluggish start to the year, a record number of product launches and a red-hot November have put 2023 back on pace to be a solid year for ETFs. Roughly $1 trillion has gone into money market funds this year, but some are questioning whether the solid year-end stock rally will attract some of those flows back into equities. "You saw that enormous cash pileup going into money markets, and ETF flows were muted. "We talked about the money market funds," he said. He pointed to strong inflows into high-yield ETFs such as the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) — along with dividend ETFs such as the Pacer U.S. Cash Cows 100 ETF (COWZ).

Persons: Ben Slavin, BNY Mellon, CNBC's, Andrew McOrmond, McOrmond, it'll, SPDR, Slavin Organizations: BNY, WallachBeth, SPDR Bloomberg, Pacer, Cash, Tech, RSP Locations: outflows

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