Original article by Lynne Funk, Aaron Weitzman
Jake Remley, senior portfolio manager at Income Research + Management, shared his perspective on the impact of rising inflation on municipal bonds with Bond Buyer. Jake suggested that investors should be patient, as the Federal Reserve could control rates with language despite rising inflation expectations. He also added that investors could mitigate mark-to-market risk by shortening their portfolio’s duration.
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.
