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Top related persons:
Bill Zox - 2 Zox - 2 it's - 2 John McClain - 1 aren't - 1 Morningstar - 1 McClain - 1 BCAAX - 1
Top related locs:
Brandywine Diamond Columbus , Ohio Puerto Rican Wells Fargo
Top related orgs:
Brandywine Global - 2 SEC - 2 Credit Fund - 1 ICE - 1 U.S - 1 Morningstar - 1 Brandywine - 1 JPMorgan - 1

Search resuls for: "Zox"


3 mentions found


☆ This Morningstar 5-star rated high-yield fund seeks to 'stand out by not fitting in'
  + stars: | 2024-02-12 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Their Corporate Credit Fund, which trades under the ticker BCAAX for retail investors, largely focuses on high-yield bonds. The fund currently holds a little over 70% in high-yield bonds, 10% in cash and about 18% in investment-grade bonds. Another inefficiency the managers exploit is the area between low investment-grade bonds and the higher-rated high-yield market, Zox said. Investment-grade portfolio managers are shying away from the lower rated end of the investment-grade market, and high-yield managers are sticking with the higher rated end of the high-yield market, he explained. "We find better values in the lower rated part of the investment-grade market than the higher rated part of the high-yield market," Zox said.
Persons: John McClain, Bill Zox, aren't, Morningstar, McClain, BCAAX, Franklin Templeton, Zox, We're, they're, Wells, it's Organizations: Brandywine Global, Credit Fund, ICE, U.S, SEC, Morningstar, Brandywine, JPMorgan, Citi, Banco Popular, Investment, — Vector, Vector Group Locations: Brandywine, Diamond, Columbus , Ohio, Puerto Rican, Wells Fargo
☆ Soft landing hopes are drawing money back into this risky asset that’s paying 8% yield. How to navigate
  + stars: | 2023-08-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
High yield mutual funds and exchange traded funds saw inflows of $1.9 billion in July, Barclays said, citing Lipper data. High yield bonds are corporate issues that are rated below BBB, meaning they have a higher risk of default compared to their investment-grade counterparts. "When we are in junk and high yield names, we prefer loans – more senior loan positions rather than high yield." Novak added outside of high yield loans, the firm's other big fixed income play is higher quality investment grade bonds. "We don't think taking a heroic position [in high yield] makes a whole lot of sense in our view," he said.
Persons: Dow Jones, Bill Zox, it's, Zox, Bryan Novak, Novak, Brandywine's Zox, nonbank financials, Bill Ahmuty, Lawrence Gillum, Michael Bloom Organizations: Barclays, Fitch, Management, Brandywine Global, SEC, Astor Investment Management, Corporate, State, LPL
☆ Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
  + stars: | 2022-09-21 | by ( Jeff Cox | ) www.cnbc.com   time to read: +6 min
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. Along with the massive rate increases, Fed officials signaled the intention of continuing to hike until the funds level hits a "terminal rate," or end point, of 4.6% in 2023. Traders had fully priced in the 0.75 percentage point move and even had assigned an 18% chance of a full percentage point move, according to CME Group data. Futures contracts just prior to Wednesday's meeting implied a 4.545% funds rate by April 2023. Along with the rate increases, the Fed has been reducing the amount of bond holdings it has accumulated over the years.
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