By Al Yoon
Caroline Chen, SVP at Income Research was quoted in industry publication Debtwire on bond funds and REITs facing market liquidity challenges. As Caroline noted in the piece, market liquidity continues to be very challenging not only for the RMBS side, but across whole securitization sectors where “we see a lot of BWICs every day.” Income Research is focused on preserving liquidity by remaining at the higher end of the market, as opposed to chasing yield.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
