Our sales and marketing efforts and conference attendance often lead us to discussions with the boards of many of the large pension funds in America.  As has been well publicized by the media, for the most part, these funds are … Continue reading →

We have written several times about our competitors, the index based mutual funds and ETFs of the world, and the kind of securities that are held in those funds.  These funds will always hold securities that are highly levered and … Continue reading →

Continued fear about the European banking situation, more equity volatility and an increasingly grim outlook for an economic recovery weighed heavily on markets this week. The yield on the Bank of America High Yield Master Index increased 42bps to 9.03%, … Continue reading →

Today, the Fed just couldn’t help itself from intervening.  While not a full Q3, the Federal Reserve is undertaking steps they hope will help boost the economy. They announced today that they will buy $400mm of longer-term Treasuries and sell … Continue reading →

Last week I was out of my suit and into my boots and camouflage.  No, I was not doing a stint in the military; I was on my annual archery elk hunting trip in my hometown, Clark Fork, Idaho.  Clark … Continue reading →

Despite the sizable equity sell-off that we are seeing this morning, high yield debt seems to have found a trading range here and is largely unchanged to slightly lower. After a strong week for the equity markets last week, reality … Continue reading →

Peritus’ Ron Heller, CEO and Senior Portfolio Manager, and Dave Desmond, Chief Operations Officer, will be attending the Morningstar ETF Invest Conference, where the top players in the ETF industry will be gathering in Chicago, September 21-23.  Come visit our … Continue reading →

High Yield bond yields continued their drift higher this week, despite the week’s rebound in equities, as the yield on the Bank of America High Yield Master Index widened 6bps to 8.61%.  This puts yields now 10bps wider MTD. High … Continue reading →

Throughout its 30 year history, the high yield market has often been viewed as a confusing or an alternative asset class.  However, the reality is that this is a large, developed and liquidity asset class.  We have provided this “owner’s … Continue reading →

I have heard several mentions this week about how correlations in the equity market have been rising over the last couple months, citing a recent report that said, “Average correlations between the 10 major sectors of the S&P 500 have … Continue reading →