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Credit

TAGOF

TAG Immobilien has improved its liquidity with a €500 million bond, covering debt maturities until 2025. However, it faces short-term refinancing needs and is less attractive for long-term investment due to high valuation, lower rental growth, and higher vacancy rates compared to peers.

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December 02, 2024 | 9:00 am

BOO

Boohoo Group PLC has repaid £50 million of a £97 million term loan as part of a refinancing effort to streamline the company.

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December 02, 2024 | 8:00 am

BCS

Barclays' Mitul Kotecha suggests that the Chinese yuan could depreciate to 8.42 against the US dollar if the full weight of tariffs is applied. This depreciation is seen as a measure to counteract the economic impact of tariffs on China.

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December 02, 2024 | 7:00 am

RAVI

FlexShares Ultra-Short Income Fund ETF (RAVI) is facing risks due to potential declining interest rates, which could reduce its yield and increase opportunity costs. Despite offering a high yield, RAVI's higher expense ratio and lower quality bond ratings add to investor risk, warranting a sell rating.

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December 02, 2024 | 6:45 am

BDC

Business development companies (BDCs) saw a 2% return in the third week of November due to improved market sentiment and stable Treasury yields. However, potential risks include tightening credit spreads and an increase in covenant-lite deals, which could impact portfolio yield and capital gains.

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December 02, 2024 | 2:30 am

SCHQ

SCHQ's fund price is stable but limited in upside due to the Federal Reserve's cautious rate cut approach amidst high U.S. government debt. The slow rate cuts and potential inflation limit SCHQ's capital appreciation prospects.

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December 02, 2024 | 12:00 am

OFS

OFS Capital is facing challenges with a rising non-accrual rate and poor dividend coverage, leading to a rating downgrade. The company's non-accrual rate has increased to 5.4%, indicating higher risk compared to peers. OFS trades at a significant discount to NAV, justified by its poor NAV growth and elevated risk profile.

Portfolio Pulse from

December 01, 2024 | 12:45 pm

CLOA

JAAA

JBBB

CLO ETFs provide retail investors with high-yield, floating-rate investments that have historically low default rates. Investors should select CLO ETFs based on their risk tolerance, with AAA-rated options like CLOA and JAAA for conservative profiles and JBBB for higher risk tolerance. Despite strong historical performance, caution is advised due to potential economic downturns and credit spread risks.

Portfolio Pulse from

December 01, 2024 | 6:00 am

ARKAY

Arkema, a French chemical company, is showing resilience with strong cash flows and solid performance in its specialty materials division. Despite a challenging global economy, Arkema expects to meet the lower end of its full-year EBITDA guidance, with a projected EPS of around 6.40 EUR. The company maintains a manageable net debt with a debt ratio of just over 1.5 times EBITDA and a positive working capital position.

Portfolio Pulse from

November 30, 2024 | 5:00 pm

TUIFF

TUI has shown significant improvement, outperforming the S&P500 with 8 consecutive quarters of double-digit operating income growth. The company expects a 10% revenue increase and at least 25% EBIT growth in FY24, with strengthened fundamentals and potential dividend payments by 2025.

Portfolio Pulse from

November 30, 2024 | 6:15 am