Podcast

Michael Grayson, portfolio manager for First Trust Capital Management -- where he oversees their Alternative Opportunities, Private Credit and Real Assets funds --  says that investors should be sacrificing some liquidity for the flexibility to get different assets into their portfolios...

Mitchel Penn, managing director of equity research at Oppenheimer & Co., says that business development companies have seen yields rising in line with higher interest rates, a trend he sees continuing while the Federal Reserve continues hiking rates...

John Cole Scott, chief investment officer at Closed-End Fund Advisors -- chairman of the Active Investment Company Alliance -- says that today's rate uncertainty has created attractive entry points for some municipal-bond funds because they are trading at big discounts...

Mark Milner, senior investment strategist at Parametric Portfolio Associates, says that a lot of asset classes of closed-end funds have now reached double-digit discount territory, "which historically has been a good opportunity to buy closed-end funds,"...

Gretchen Lam, senior portfolio manager, Octagon Credit Investors -- sub-adviser on the XAI Octagon Floating Rate & Alternative Income Term Trust -- says that while economic conditions are challenging and that a recession will be bad for the credit markets...

Duncan Farley, portfolio manager at BlueBay Asset Management and manager of the BlueBay Destra International Event-Driven Credit Fund, says that the current economic and market conditions that are making headlines and rattling investors...

Robert Bush, senior vice president and director of closed-end products at Calamos Investments, says that convertible securities -- a hybrid product built to give investors the best of stock and bond performance -- have not been giving investors their cake and letting them eat it too this year...

John Cole Scott, chief investment officer at Closed-End Fund Advisors -- the chairman of the Active Investment Company Alliance -- discusses and compares floating-rate and senior loan funds with preferred-securities funds, noting that floating-rate funds are a tool for combating high and rising interest rates...

Mark Scalzo, chief investment officer at Validus Growth Investors, Manager and the portfolio manager for the newly listed Destra Multi-Alternative Fund discusses the outlook for alternative investing, the process his fund went through in changing its status and becoming one...

Kyle Brown, president and chief investment officer at Trinity Capital, explains how the company's structure helps to support double-digit yields and makes them more secure than other high-yield investments, but also discusses the business development...