XMPT VanEck CEF Municipal Income ETF Loading... : Investor Sentiment and Bull/Bear Views
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14:01
Jan 04
Jan 04
Buy high-quality leveraged income funds.
Bassman likes financial leverage in high-quality front-end income vehicles because Fed cuts should steepen the curve, bringing borrowing costs below investment yields. This includes high-quality BDCs buying first-lien top-of-capital-structure loans at discounts, agency mortgage REITs like Annaly whose coupons look solid as front-end rates fall, municipal closed-end funds trading at 8-12% discounts whose yields should push them toward NAV, and products using 5x two-year and 3x seven-year Treasury futures. He cites ARCC as the biggest and best BDC and notes it has become more interesting as credit concerns have pushed prices down.
HIGH
About XMPT Investor Commentary
Across the available history and selected sources, Buzzberg tracks XMPT (VanEck CEF Municipal Income ETF) across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Harley Bassman.