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Tech capex and geopolitics have dominated the headlines this year, but opportunities emerge elsewhere. Dividend growth investing could be hitting its stride amid shifting macro and micro trends. Novel, forward-looking strategies may help asset allocators find alpha beyond traditional income approaches.
Business Development Companies (BDCs) are firms that give loans to small and mid-sized companies at relatively higher rates and often grab debt or equity stakes in those companies.
With rates rising, the regional banking crisis bothering the lending market and the U.S. economy chugging along, business development companies have every reason to outperform.
Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the largest U.S. banks gaining an increasing market share by allowing them to take over the smaller regional institutions.
BDCZ: This BDC ETN Is Not Worth The Risks
BDCs have been easily outperforming other higher-yield sectors including REITs (short and longer term) and readers have been asking if there are any good ETF that track the sector. This article discusses the two most popular (and only ones that are not leveraged) which are VanEck Vectors BDC Income ETF and WF BDC Index ETN.
Plus, a number of index changes occurred last week.
Most of the investments by business development companies take the form of loans with adjustable interest rates. My projection for the April BDCX dividend results in a current yield above 15%.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.