Original article by Al Yoon and Eric Homer
Caroline Chen, senior vice president, shared her views on the single family rental bond market rally with Debtwire. While spreads in the asset class are tightening, Caroline explained, the secondary SFR bond market should see an uptick in activity versus non-QM RMBS in the near term. According to Caroline, this is because the market is range trading, with institutional investors keenly interested in these types of bonds.
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.
