How Leveraged Loan Funds Continue to Witness Outflows
According to data from Lipper, leveraged loan funds saw an outflow for the seven days ended November 18, making them the 17th occurrence of such outflows.
According to data from S&P Capital IQ’s LCD, the US leveraged loans market saw an allocation of $10.9 billion worth of dollar-denominated senior loans.
According to Lipper, net outflows from high-yield bond funds were $1.4 billion in the seven days ended November 18, compared to net outflows of $1.8 billion before.
Equinix is a global interconnection and data center company. It issued junk bonds worth $1.1 billion last week. The senior notes were rated B1/BB.
The market’s tone improved and welcomed quality issuers, leading to a rise in high-yield bond issuance in the week ended November 20, 2015.
The three US indexes that we review in this weekly series rose from November 17 to November 24, 2015. This happened after a rebound in energy prices.
Last week, diesel prices fell due to oversupply and abundant stocks. The refinery output and operable capacity increased in the last few weeks.
Genworth Financial (GNW) was moved to the S&P MidCap 400 Index after its market cap declined nearly one-fifth since the financial crisis.
Genworth Financial, a financial security provider, gained 8.1% during the week ended November 20. Trading volumes spiked by 26% to 8.7 million shares that day.
Four hundred ratings have been assigned to the 22 insurance stocks within the Financial Select Sector SPDR ETF (XLF). Of these, there are 175 “buy” ratings assigned, 26 “sell” ratings, and 199 “hold” ratings.
Interest rate movement is a key performance driver for life insurance companies, affecting their margins, hedging costs, and product sales.
During the week ended November 20, markets recorded big gains as investors welcomed a stronger possibility of a Federal Reserve rate hike in December.
The underperformance of small caps relative to larger companies in recent weeks hints at some vulnerability in the broader market.
After a strong start to 2015, banking stocks have been on a roller coaster ride as the Fed kept investors guessing about its interest rate policy.
In this article, we’ll compare Eaton Vance with its peers. Peers include Franklin Resources, T. Rowe Price, Legg Mason, and Waddell & Reed Financial.
Eaton Vance reported fiscal 4Q15 revenue of $341.4 million, a fall of 7.3% when compared to the company’s revenue of $368.4 million in fiscal 4Q14.
AIG has announced it will spend $500 million on restructuring for organizational simplification, operational efficiency, and business rationalization.
AIG management has discussed a possible split in its boardroom, so billionaire investor Carl Icahn’s suggestion is not completely new to the company.
AIG’s stock has appreciated by more than 14% over the past year due to a variety of factors, including the de-risking of its balance sheet.
In 3Q15, AIG made repurchases of approximately 61 million shares, forming 4.9% of total outstanding shares, for an aggregate purchase price of $3.7 billion.