Original article by Richard Leong
Jake Remley, senior portfolio manager at Income Research + Management, spoke with Richard Leong at IFR about tech-related ABS issuance. Jake noted that the trends supported this rise in issuance, stating in the article: “People are very comfortable with technology in their portfolios. There is rapid need for data in the world.”
Jake also shared that the tech-related ABS is currently in high demand as investors seek yield in an ultra-low rate environment.
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.
