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IGM Financial : Mackenzie Investments Announces June 2021 Distributions for its Exchange Traded Funds

IGM Financial : Mackenzie Investments Announces June 2021 Distributions for its Exchange Traded Funds
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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The Summertime Case for Floating Rate Notes (FRNs)


The Summertime Case for Floating Rate Notes (FRNs)
May 25, 2021
Floating rate notes (FRNs) and related debt gain allure as interest rates rise, confirming a 2021 catalyst for assets like the
While broad demand for high-yield corporate bond mutual funds has been tepid this year, investors are piling into leveraged loan equivalents. On the ETF side of the ledger, BKLN is benefiting from that trend, as highlighted by $1.87 billion of year-to-date inflows as of May 24. Nearly $788 million of that tally arrived in the current quarter.
“Bank loans’ unique floating-rate feature, their hierarchy in the capital structure, and the loan market’s industry composition all make for an appealing relative value opportunity versus high-yield bonds,” says Morningstar analyst Garrett Heine. ....

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Bank-Loan Funds Are Back: Here Are 2 to Consider


Bank-loan funds lacked investor appeal in 2019 and 2020 as interest rates fell. But economic recovery and the potential for rising short-term interest rates have put the category back in favor in 2021. Bank-loan mutual funds have received net inflows of more than $13 billion for the year to date through April 2021, which was almost a fourth of the category’s assets at the beginning of the year. Demand for high-yield bond funds has been milder this year despite the similarities of the two asset classes. While high-yield bonds have greater upside potential, bank loans defensive characteristics make them an attractive portfolio diversifier. Bank loans’ unique floating-rate feature, their hierarchy in the capital structure, and the loan market’s industry composition all make for an appealing relative value opportunity versus high-yield bonds. ....

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One Year Since the Coronavirus Crash: U.S. Market Volatility and Performance in 7 Charts


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A year after the coronavirus pandemic sparked financial turmoil, one thing is clear: Investors who didn t panic during the panic have been rewarded.
Given the broader upheaval in the global economy, social unrest, and political sea change in Washington, it may be hard for some investors to remember just how bad the markets were a year ago. The Morningstar US Market Index hit a new peak on Feb. 19, 2020, marking the start of the quickest bear market in history. The index then fell 35% in 33 days, hitting a low on March 23. 
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