Tea Nagode/iStock via Getty Images Overview The VanEck BDC Income ETF ( BIZD ) makes it very easy for investors to get instant diversification across the BDC sector. Business development companies have continued to face headwinds related to higher interest rates and uncertainty about how AI will impact specific industries. When I previously covered BIZD several quarters ago, I downgraded my rating...
Tea Nagode/iStock via Getty Images Overview The VanEck BDC Income ETF ( BIZD ) makes it very easy for investors to get instant diversification across the BDC sector. Business development companies have continued to face headwinds related to higher interest rates and uncertainty about how AI will impact specific industries. When I previously covered BIZD several quarters ago, I downgraded my rating to a hold for many of these same reasons. Since then, the share price has fallen by double digits and continues to erode capital for investors. After an assessment of the macroeconomic environment, I believe that there is more pain ahead for BDC investors. Looking at the performance over the last twelve months, we can see that BIZD's share price has declined by about 21.7%. Even when including all distributions that were paid out, the total return sits at a loss of 11.6% over the same time frame. BIZD now offers investors a starting dividend yield of 13.6% while issuing those payouts on a quarterly basis. Unfortunately, I believe that there is a chance for the payouts to be reduced at some point before the end of 2026. BIZD is currently paying out more than it actually earns and is relying on return of capital distributions. Data by YCharts Although BIZD provides diversification across the BDC market, the passively managed approach has its flaws. BIZD is very slow to rotate out of underperformers, and this can be a big deal for investors. Furthermore, I believe that we are heading towards an environment of higher interest rates, which will make it even more difficult for BDCs to expand their baseline net investment income and grow their portfolios. Loan write-downs and non-accruals may become more of an issue if interest rates rise, and investors must prepare for the risk of continued downside. Fund Strategy According to the latest fund overview , BIZD now has total net assets of $1.57B that are spread across the BDC market. The whole appeal of BIZD is that this diversifie...
Leftists Try To "Cancel" Giants Quarterback For His Appearance At Trump Rally Leftists often claim that when someone of celebrity status appears with Donald Trump, it gives Trump "legitimacy." This is the common rationale they use to justify their insane cult-like behavior - Their habit of using mobs of mindless activist zombies in order to frighten people with status away from openly identifying ...
Leftists Try To "Cancel" Giants Quarterback For His Appearance At Trump Rally Leftists often claim that when someone of celebrity status appears with Donald Trump, it gives Trump "legitimacy." This is the common rationale they use to justify their insane cult-like behavior - Their habit of using mobs of mindless activist zombies in order to frighten people with status away from openly identifying as conservative. The truth is, the political left is a paper tiger, an astroturf movement with no power, blustering with false bravado. In reality, celebrities do not give Trump legitimacy. His landslide election victory gives him legitimacy. The radical left is a one trick pony, constantly repeating the same lies and exaggerations in the belief that if they lie long enough those lies will eventually become part of the popular zeitgeist. For example, a white sports star has a positive interaction with Trump and the progressive media conjures a narrative that he is alienating his minority team mates because shaking hands with Trump is the same as shaking hands with "racism." This tiresome strategy is being used once again on New York Giants quarterback Jaxson Dart after he appeared on stage with Trump at a New York political rally. Leftist journalists assert that Dart shaking hands with Trump is the same as shaking hands with Hitler. The engineered controversy led to a couple of the QB's teammates expressing discomfort over the event. Thankfully, the opinions of Dart's teammates are meaningless and he has every right to stand on stage with whoever he pleases. At present, it seems as though other Giants players understand that they don't have to align politically in order to play a football game. Linebacker Abdul Carter (a Muslim) initially voiced discomfort with the optics of the event, according to multiple reports. Dart said he discussed the issue directly with Carter and brushed off any rumors about beef between the two players. For those who don't like Dart's promotional...
(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, rising almost 1,050 points or 4.2 percent along the way. The Hang Seng Index now sits just beneath the 26,040-point plateau and it's tipped to open in the green again on Wednesday.
(RTTNews) - The Hong Kong stock market has climbed higher in three straight sessions, rising almost 1,050 points or 4.2 percent along the way. The Hang Seng Index now sits just beneath the 26,040-point plateau and it's tipped to open in the green again on Wednesday.
Gulf hostilities flared anew on Wednesday, with the US military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed as diplomacy between Washington and Tehran showed little progress. Two Iranian missiles shot at Kuwait fell short or broke apart in-flight, several ballistic missiles aimed at regional targets failed and three missiles headin...
Gulf hostilities flared anew on Wednesday, with the US military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed as diplomacy between Washington and Tehran showed little progress. Two Iranian missiles shot at Kuwait fell short or broke apart in-flight, several ballistic missiles aimed at regional targets failed and three missiles heading for Bahrain were intercepted, US Central Command said. Since the conflict began in late February,...