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...Blackstone has prominently featured Breit’s distribution yield of 4.6 per cent in marketing materials....
...The investment trust sector overall has suffered from the effects of high inflation over the past two years, which has pushed investors to lower-risk, high-yielding government bonds and cash products....
...Halberstadt points to high-yield debt funds, which “cheerfully declared ever-rising dividends over the past year, as the yields on offer have exceeded managers’ expectations”....
...“Dividend stocks have also looked more attractive as savings rates and bond yields have dipped.”...
...These funds did not appear at all in the previous tax year, when Legal and General Group, Aviva, Rio Tinto, Jupiter Asian Income — which focuses on high-yield Asian companies — and BAE Systems made up the...
...They like that it’s a high-risk/high-reward experience.”...
...He is also a fan of Greencoat, on the grounds that it owns high-quality assets, and Impax as an early example of a thoughtful investor. Of course, investment trusts are not free from scandal....
...A trust with a headline yield income of 5 per cent that can be bought on a discount gives the investor an income of more than 5 per cent....
...“It’s a combination of big numbers and high interest rates that yields these unprecedented amounts.”...
...The trust also has high exposure to the UK’s unloved reinsurance market, via holdings in Lancashire Group and Conduit Reinsurance, which Gergel argues trade on a modest rating compared with their European...
...The gap in yield between Turkish five-year dollar bonds and that on US Treasuries has dropped to 3.6 percentage points from a high of nearly 7 percentage points in May, according to LSEG data....
...More puzzlingly, the correlation of private debt to high yield is an inexplicable 0.3!...
...Pension funds are the biggest group of investors in the high-yield private credit market, driven by a desire to diversify away from government bonds, which have been hit in recent years by the prospect of...
...Shares in Blackstone, KKR, Apollo Global, Ares Management and TPG have neared or eclipsed record highs due to better-than-feared financial results....
...So even though the infrastructure trust sector generally looks cheap at a discount of 17 to 20 per cent, and a yield running at around 6.5 per cent, it could come under increasing strain in the short term...
...Ha, trust me, you’d know! The primary dealers mostly only buy on behalf of investors, and there’s a clear process to decide what they want to pay for newly issued Treasuries....
...Real estate investors compare rental yields (rental income divided by property value) with Treasury yields....
...High yield and loans are around $1tn each. So even with those two seeing distress, at the macro level we have not seen the slowdown many expected....
...Assets run by Baillie Gifford’s Scottish Mortgage Investment Trust, many of whose technology holdings have been hit by rising interest rates, have dropped from about £18bn in June 2021 to £12bn as at October...
...The US equity dividend yield used to always be higher than Treasury yields. In which decade did the relationship first flip?...
...It’s the first time we’ve seen a yield that high since 2007....
...Many of the market’s largest high-dividend ETFs have introduced the earnings equalisation mechanism, including the Cathay MSCI Taiwan ESG Sustainability High Dividend Yield ETF, which had more than a million...
...Investors pay for a management team they can’t entirely trust to buy assets at valuations they’ll never entirely trust, in exchange for a token that by logic should be worth less than it costs because it...
...“It’s really about the level of trust you have in each other’s regulatory frameworks — that’s why it was easy to do with Switzerland,” he said....
...In addition the high-yield injunction protected the fund from exposure to the most overvalued (and thus low-yielding) companies in the boom....
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