The NAVigator

Active Investment Company Alliance
  • 0,0 (0)
  • INVERSIONS
  • SETMANAL
The NAVigator

The NAVigator, from the Active Investment Company Alliance (AICA), talks all-weather investing and “excellence beyond indexing” through the use of closed-end funds (CEFs) & business-development companies (BDCs). AICA – a new organization that includes a diverse constituency that runs from investors through fund sponsors – aims to help investors & advisors plot a new and different course to financial success, via the tactical use of securities that mix active management within listed & non-listed structures. Subscribe now to get regular updates on everything you need to know to succeed with CEFs & BDCs.

  1. FA 4 DIES

    XA's Hagen on the interval fund boom

    Jared Hagen, Vice President at XA Investments, discusses this year's unprecedented growth in interval and tender-offer funds and how the number of funds in registration guarantees the trend will continue through 2025. Hagen talks about why the investment community has taken a shine to interval funds and covers how the expansion into the space has included some unique partnerships, with firms like KKR and Capital Group pairing up to bring new products to market.

    13 min

  2. 1 DE NOV.

    AICA's Scott reviews 3Q's stellar results for closed-end funds

    John Cole Scott, President of Closed-End Fund Advisors and Chairman of the Active Investment Company Alliance, digs into his firm's data to break down a great three-month stretch for closed-end funds and business development companies. He says it was a period in which discounts narrowed dramatically and changed the opportunity set without it becoming overvalued or unattractive.

    12 min

  3. 25 D’OCT.

    RiverNorth's Browne: Muni bond funds look cheap and promising now

    Jonathan Browne, Senior Investment Analyst at RiverNorth Capital Management — and Portfolio Manager on five of the firm's municipal bond closed-end fund-of-funds — says that the headwinds that made for big struggles in the muni bond space have shifted to become tailwinds, creating opportunity despite the strong recent rebound among muni bond funds. Browne says that the rising-rate cycle had led to discounts reaching the 12 to 15 percent range — a level previously only reached during financial crises — making munis about as cheap as they had ever been. Now, even after a run of more than 30 percent, muni closed-end funds are at the 70th percentile of cheapness, with "quite a bit of room to run."

    12 min

  4. 18 D’OCT.

    Arrowmark's Staggs on an income-generating alternative play on banks

    Dana Staggs, President of Arrowmark Financial Corp., talks about how regulatory capital relief securities — bank-generated floating-rate notes that are currently producing yields of up to 15 percent — can function as an alternative investment. He notes that due to their emergence during the financial crisis of 2008, regulatory capital relief securities can also function efficiently in low-rate environments. Staggs says he believes the economy has "a lot of room to absorb continued declines in interest rates," and that banks are relatively healthy right now. However, he notes that concerns over potential troubles in commercial real estate can't be ignored.

    12 min

  5. 11 D’OCT.

    Digging into lesser-known interval fund picks with John Cole Scott

    John Cole Scott, President of Closed-End Fund Advisors and the Chairman of the Active Investment Company Alliance, discusses interval funds and digs into the data on four funds that use the structure to create promising investment opportunities for investors. Plus, learn about the NAVigator Podcast's first-ever contest, in celebration of its fifth anniversary!

    14 min

  6. 4 D’OCT.

    Barings' Feeley: Rate-cut cycle will make high-yield bonds more attractive

    Sean Feeley, part of the U.S. High Yield Investment Group at Barings, says he believes that with the bulk of interest rate adjustments happening at the short end of the yield curve, a wave of refinancing of shorter-term debt is coming, and that this typically makes high-yield investments look more attractive. Feeley expects the economy to avoid a recession, with strong balance sheets contributing to a soft landing situation that plays out into 2025.

    11 min

  7. 27 DE SET.

    John Cole Scott on four funds to consider in the fourth quarter

    John Cole Scott, President of Closed-End Fund Advisors and Chairman of the Active Investment Company Alliance, looks ahead to the fourth quarter on today's podcast. He discusses two equity and two fixed-income funds that hit his trifecta — an analytical mix of discount, dividend, and net asset value — and that he says look particularly promising for year-end portfolio moves.

    12 min

  8. 20 DE SET.

    abrdn's Laranjiero: Rate cuts should boost muni bond funds

    Miguel Laranjeiro, Investment Director at abrdn, says we are seeing "the beginning of a robust in-flow cycle into the muni space," noting that credit spreads and all-in yields are attractive and that the value of the tax exemption will particularly pay off now. He says he expects the Federal Reserve's long-awaited rate cuts will end the longest yield curve inversion ever for municipal bonds. Once the yield curve has normalized, Laranjeiro expects leverage costs to become a positive for the total return of levered muni funds, creating an additional impetus for investors.

    10 min
Veure-ho tot (283)

Informació

The NAVigator, from the Active Investment Company Alliance (AICA), talks all-weather investing and “excellence beyond indexing” through the use of closed-end funds (CEFs) & business-development companies (BDCs). AICA – a new organization that includes a diverse constituency that runs from investors through fund sponsors – aims to help investors & advisors plot a new and different course to financial success, via the tactical use of securities that mix active management within listed & non-listed structures. Subscribe now to get regular updates on everything you need to know to succeed with CEFs & BDCs.

Fitxa tècnica

  • Creació
    Active Investment Company Alliance
  • Anys en actiu
    2019 - 2024
  • Episodis
    283
  • Qualificació
    Apte
  • Copyright
    © 2023 Active Investment Company Alliance
  • Lloc web del programa
    The NAVigator

També et pot agradar

Per escoltar episodis amb contingut explícit, inicia la sessió.

Estigues al dia d’aquest programa

Inicia la sessió o registra’t per seguir programes, desar episodis i rebre les novetats.
Selecciona un país o una regió

Àfrica, Orient Mitjà i l’Índia

Àsia-Pacífic

Europa

Llatinoamèrica i el Carib

Estats Units i Canadà