By Coulter Regal, CFA, Product Manager BDCs are a compelling option for investors seeking exposure to the potential benefits of private credit without sacrificing the ability to access their capital when necessary. Demand for private credit is surging. The market size has nearly doubled since 2020, reaching an estimated $1.4 trillion in early 2023.1 This...

Last week, I had the pleasure of hosting a webcast on gold and gold mining stocks, and I was happy to be joined by portfolio manager Ralph Aldis. Thanks to all who participated! Regretfully, I’m not permitted to share a replay of our discussion since it was intended for financial advisors, but there are a [...] The post Gold’s Bull Run Is Not Just...

By William Sokol, Director of Product Management CLOs started the year strong and new issuance is at record pace. Tighter AAA spreads and a stable economic outlook drove a modest shift in our CLO strategy into lower investment grade tranches, but selection is key. The VanEck CLO ETF (CLOI) shifted modestly into lower investment grade tranches over [...]...

U.S. domestic markets extended their gains during the recent period between Index selection dates (March 14, 2024 – April 11, 2024, the “Period”). Equity markets were largely influenced by the Federal Reserve’s decisions during its second Federal Open Market Committee (FOMC) meeting of the year. On March 20th, in an announcement broadly expected by...

By Vanya Sharma,Senior Associate, Capital Markets Key Takeaways Capital gains are profits from the sale of assets like stocks or ETFs and are subject to taxes. Mutual funds generate capital gains through active management, rebalancing or redemption. Those capital gains are taxable upon distribution. ETFs incur capital gains only if the ETF’s price appreciates,...

By Imaru Casanova, Portfolio Manager, Gold and Precious Metals John Maynard Keynes famously critiqued the gold standard as a “barbarous relic,” yet recent trends in the gold market might suggest otherwise. Gold has hit all-time highs—and its investment demand hasn’t even reached peak levels yet, according to Portfolio Manager Ima Casanova. Despite the...