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Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO - Get Free Report) shares saw unusually-strong trading volume on Friday. Approximately 106,952 shares were traded during mid-day trading, an increase of 62% from the previous session's volume of 66,000 shares.The stock last traded at $21.7050 and had previously closed at $21.71. Franklin Investment Grade Corporate ETF Stock
We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recession in the hard data. The tariff pause offers the possibility to avoid worst-case economic scenarios before the damage is crystalized. We believe technical factors will continue to drive market dislocations in spreads and sectors, and that active managers can navigate this more effectively.
M&A was almost dormant in 2023. In the US, as a proportion of the market value of the benchmark equity indices, it fell to its lowest level in 20 years, according to McKinsey. Credit investors are not traditionally supposed to be fans of M&A, and it's true we are wary of leveraging M&A, where debt is loaded onto balance sheets to buy competitors. We are seeing a comeback for M&A that we think is likely to continue through 2024.
This week, the VettaFi Voices addressed the topic of whether investors should use active or passive management for their ESG investing.
Recent uncertainty, instigated by the issues seen across the financial sector, has led to a change in investment flows seen across exchange traded funds. A change in investment flows can be seen over the month of March as equity market volatility has increased.
These are the questions on every investor's mind: Have markets really priced in the severity of the Fed's campaign against inflation? How bad would a 2023 recession be — if there is one at all?
This week's FTX news is just the latest part of a wild and volatile year in finance, from geopolitical strife to inflation and interest rate pressure on markets, not to mention how much the 60/40 portfolio has struggled.
October's market rally was kind to more than just equities, as several bond categories rode the wave to strong net inflows.