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NEW YORK, May 13, 2021 (GLOBE NEWSWIRE) Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Second Quarter 2021 High-Yield and Bank Loan Outlook. Titled In the Recovery Phase of the Credit Cycle, the report explains why fundamental conditions support positioning long in credit-sensitive fixed-income assets despite tight spreads.
Among the highlights in the 16-page report:
Looking ahead, we believe that the length of the recovery phase and the expansion phase of this credit cycle will depend on the discipline of borrowers and investors, as well as other factors including interest rates, economic growth, government policy, and external shocks.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Guggenheim Investments Announces Board Approval of the Mergers of GPM, GGM and GOF
Guggenheim InvestmentsApril 20, 2021 GMT
NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) Guggenheim Investments announced today that the Boards of Trustees of each of Guggenheim Strategic Opportunities Fund (NYSE: GOF), Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM), each a closed-end fund (each, a “Fund” and together, the “Funds”), approved the mergers of GPM and GGM with and into GOF, as outlined below.
Acquired Funds
GPM
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The proposed mergers are intended to provide potential benefits to common shareholders, including exposure for GPM and GGM to the enhanced investment opportunities offered by GOF, economies of scale and greater secondary market liquidity for each Fund’s common shareholders, among other things.
Guggenheim Partners Appoints Mark Van Lith A Managing Partner
NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) Guggenheim Partners, the global financial services firm, today named the CEO of Guggenheim Securities, Mark Van Lith, a Managing Partner of Guggenheim.
Mr. Van Lith has been a core leader in effecting the tremendous growth and success of Guggenheim Securities, the full-service investment banking and capital markets business of Guggenheim Partners.
Guggenheim Securities serves some of the world’s largest clients, across multiple sectors, providing capabilities including M&A and restructuring advisory, debt and equity financing, research, and sales and trading. Guggenheim Securities has also established industry-leading and pioneering investment banking practices in asset backed securitization, middle market investment banking, and private capital advisory.
Guggenheim Fixed-Income Outlook: Staying on Offense
After navigating the pitfalls and taking advantage of the opportunities in 2020, we believe our strategies are well positioned for 2021
/EIN News/ NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its First Quarter 2020 Fixed-Income Outlook, titled “Staying on Offense.”
Even as credit spreads have narrowed considerably off their widest levels, further value remains as the global search for yield motivates investors to allocate to selected investment grade and high-yield corporate bonds, and structured credit.
The U.S. government has a much heavier hand in controlling the economy, either via the Federal Reserve (Fed) or direct White House and congressional intervention. “We spend a great deal of time analyzing the impact of these changes and how they may affect default risk in corporate credit and asset