466 Plus: When ETNs Mature, Long Angle Community, and a Long Duration Credit Muni CEF
In Plus episode 466, we review the exchange offer for the JP Morgan Alerian MLP ETN (AMJ). The original ETN is set to mature in May 2024. David shares his experience and thoughts on the Long Angle community. Finally, we analyze the Nuveen Municipal Credit Income Fund (NZF). … [Read more...]
273: What is an ETN? Understanding Exchange-Traded Notes
What are the benefits and risks of investing in exchange-traded notes (ETNs) compared with ETFs. In this podcast episode you’ll learn: What is an ETN.How big is the market for ETNs compared with ETFs.How ETNs can do a better job tracking their target index than ETFs.Why ETNs can be more tax-efficient than ETFs.How ETNs have counterparty risk, pricing risk, and liquidity risk.Under what circumstances would an ETN be preferred over an ETF. Show Notes What Drives … [Read more...]
186 Plus: Fallen Angel Bonds, Yield Cos and MLP Distributions
This week January 5, 2018 on Money For the Rest of Us Plus, we analyze the risk and return characteristics of fallen angel bonds, which are bonds that were issued as investment grade but have been downgraded to non-investment grade. We revisit Yield Cos and look at their recent performance and valuation characteristics. Finally, we look at why MLPs and investment vehicles that invest in them have been cutting distributions. … [Read more...]
