Original article by Richard Leong
Caroline Chen, Senior Vice President, spoke with International Finance Review about how and why many investors are piling into bonds backed by container leases. Container ABS are performing better than other transportation sectors, Caroline explained, as these deals offer higher yields than are available from auto and credit card ABS issues. But the U.S. and China trade war does present risk in this corner of the market in the long term, Caroline points out.
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.
