Here's an actively managed credit fund, Third Avenue Focused Credit (TFCVX). "An opportunistic, bottom-up investment strategy that selects high yield stressed and distressed credits up and down the capital structure." It has been a good performer in the past and is well managed, but it is subject to the whims of the credit markets. It has been serving well as a leading indicator for high yield credit and it is pointing south again. Trouble is brewing.
台湾新总统就职前夕 美国会再提挺台新法案
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台湾新任总统赖清德即将于5月20日上任,中国在台湾周边的活动渐趋频繁,不断加强对台的军事威胁。在此情形下,美国 […]...
Deep puts on HYG and JNK are pretty cheap, but the market is filled with HFT spoofers and its very illiquid - gotta screw around for awhile before you can make a transaction.
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Tim Knight over at Slope of Hope has a short on JNK. If I'm not mistaken, it's he's most confident in that position and has been holding it at least since summer. He's a pure chartist.
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