by Nicolas Rabener | Feb 5, 2024 | Uncategorized
HY Bonds = High or Hazardous Yield? Sacrificing return of capital for return on capital February 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The correlation of high yield (HY) to investment-grade (IG) bonds has been increasing HY bonds can simply...
by Nicolas Rabener | Nov 6, 2023 | Uncategorized
CLOs – Diversifier, or another Equity Clone? Investigating Collateralized Loan Obligations November 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Multiple collateralized loan obligation (CLO) ETFs have been launched since 2020 CLOs are...
by Nicolas Rabener | Oct 16, 2023 | Uncategorized
A Crescendo in Private Credit? Returns that seem too good to be true October 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The AUM in private credit funds is expected to double to $2.7 trillion However, the performance of the industry’s...
by Nicolas Rabener | Sep 18, 2023 | Uncategorized
Don’t Convert to Convertible Bonds Equity exposure in disguise September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Convertible bonds are typically viewed as debt rather than equity instruments However, these are highly correlated to...
by Nicolas Rabener | Sep 26, 2022 | Uncategorized
How Much Can You Lose with Bonds? A lot. September 2022. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYBonds are typically considered safe investmentsHowever, there were decades of negative real returnsDrawdowns reached 50% for U.S. Treasuries and...
