Original article by Amanda Albright
Wesly Pate, Senior Portfolio Manager at Income Research + Management, shared his insights on the current state of the municipal bond market amidst a gain in bargaining power for buyers with Bloomberg. Despite pessimism amongst some muni investors, Wesly is of the belief that the market is returning to healthy behavior and appropriately evaluating risk and spreads.
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.
