Loading…
Loading…
Assetmark Inc. decreased its holdings in iShares Aaa - A Rated Corporate Bond ETF (NYSEARCA:QLTA) by 43.7% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,273 shares of the company's stock after selling 211,286 shares
Park Avenue Securities LLC reduced its holdings in iShares Aaa - A Rated Corporate Bond ETF (NYSEARCA:QLTA) by 30.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,890 shares of the company's stock after selling 44,581 shares during the quarter.
Detalus Advisors LLC increased its holdings in iShares Aaa - A Rated Corporate Bond ETF (NYSEARCA:QLTA) by 86.1% during the undefined quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,340 shares of the company's stock after purchasing an additional 11,261 shares during the period. Detalus
Bailard Inc. decreased its holdings in iShares Aaa - A Rated Corporate Bond ETF (NYSEARCA:QLTA) by 63.2% in the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,480 shares of the company's stock after selling 18,011 shares during the quarter. Bailard
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.
The iShares Aaa - A Rated Corporate Bond ETF tracks highly rated corporate bond securities issued by US and non-US corporations. Despite its high-quality portfolio, QLTA has delivered modest returns, ranking fourth quartile against the Morningstar Corporate Bond category. This is because the QLTA gives up 65-70 bps in yield for a nominal improvement in credit quality.
iShares Aaa – A Rated Corporate Bond ETF is an exchange-traded fund. The vehicle holds a very granular portfolio of investment-grade bonds, with an "A" average rating.