Around one quarter, 24%, of global fund managers expect corporate bonds to be the worst performing asset class in 2019. The latest survey by Bank of America shows more fund managers want to see companies use capital to strengthen their balance sheet. While global growth expectations have fallen to the lowest level since the financial crisis, only 11% of fund managers forecast a global recession in 2019 Rising levels of corporate debt are well and truly on the radar of global fund managers, and that doesn’t bode well for global stocks. US corporate debt levels have now risen to a record-high 46% of GDP, according to the latest Bank of America survey of global fund managers. The past decade has seen a sharp rise in corporate debt issuance, as investors hunt for yield in a low interest rate environment. There are now concerns that more debt has been issued has been issued on increasingly looser terms, known as “covenant-lite” arrangements. And the Bank of America … [Read more...] about Swelling corporate debt piles are now global fund managers’ major concern
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Excessive levels of corporate debt are now the primary concern among global fund managers
Around one quarter (24%) of global fund managers expect corporate bonds to be the worst performing asset class in 2019. The latest survey by Bank of America Merril Lynch shows more fund managers want to see companies use capital to strengthen their balance sheet. While global growth expectations have fallen to the lowest level since the financial crisis, only 11% of fund managers forecast a global recession in 2019. Rising levels of corporate debt are well and truly on the radar of global fund managers, and that doesn’t bode well for global stocks. US corporate debt levels have now risen to a record-high 46% of GDP, according to the latest Bank of America Merril Lynch (BAML) survey of global fund managers. The past decade has seen a sharp rise in corporate debt issuance, as investors hunt for yield in a low interest rate environment. There are now concerns that more debt has been issued has been issued on increasingly looser terms, known as “covenant-lite” … [Read more...] about Excessive levels of corporate debt are now the primary concern among global fund managers
Who Runs Mutual Funds? Very Few Women
Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Advertisement Supported by STRATEGIES Women are vastly outnumbered in the investing business. That could change if mutual fund investors favored companies with more female managers. But which companies? Here’s a gender report card. ByJeff Sommer May 4, 2018 Few reports on investing prominently feature female fund managers. There is a simple reason for that: The vast majority of investment professionals are men. In fact, “vast majority” understates the case. It turns out that less than 10 percent of United States portfolio managers at mutual funds and exchange-traded funds are women, according to Morningstar. “We’ve been looking at this for years,” said Laura Pavlenko Lutton, head of fund research for North America Morningstar. “Women are just stuck at that number.” Representation of women in the investing … [Read more...] about Who Runs Mutual Funds? Very Few Women
Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions of $0.18 Per Share
NEW YORK--(BUSINESS WIRE)--Apr 18, 2018--Stone Harbor Emerging Markets Income Fund (“the Fund”), which is traded on the New York Stock Exchange under the symbol “EDF”, announced the declaration of monthly distributions of $0.18 per common share, payable on the dates noted below. Based of the Fund’s current share price of $14.80 and net asset value per share of $ 14.18 (as of close on April 17, 2018), the distributions represent an annualized distribution rate of 14.59% and 15.23% respectively.The following dates apply to the distributions declared:Ex-Distribution Date: May 17, 2018 Record Date: May 18, 2018 Payable Date: May 31, 2018Ex-Distribution Date: June 15, 2018 Record Date: June 18, 2018 Payable Date: June 28, 2018Ex-Distribution Date: July 13, 2018 Record Date: July 16, 2018 Payable Date: July 26, 2018This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have been … [Read more...] about Stone Harbor Emerging Markets Income Fund Declares Monthly Distributions of $0.18 Per Share
Stone Harbor Emerging Markets Total Income Fund Declares Monthly Distributions of $0.1511 Per Share
NEW YORK--(BUSINESS WIRE)--Apr 18, 2018--Stone Harbor Emerging Markets Total Income Fund (“the Fund”), which is traded on the New York Stock Exchange under the symbol “EDI”, announced the declaration of monthly distributions of $0.1511 per common share, payable on the dates noted below. Based of the Fund’s current share price of $ 14.66 and net asset value per share of $14.89 (as of close on April 17, 2018), the distributions represent an annualized distribution rate of 12.37% and 12.18% respectively.The following dates apply to the distributions declared:Ex-Distribution Date: May 17, 2018 Record Date: May 18, 2018 Payable Date: May 31, 2018Ex-Distribution Date: June 15, 2018 Record Date: June 18, 2018 Payable Date: June 28, 2018Ex-Distribution Date: July 13, 2018 Record Date: July 16, 2018 Payable Date: July 26, 2018This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have … [Read more...] about Stone Harbor Emerging Markets Total Income Fund Declares Monthly Distributions of $0.1511 Per Share