Become a Member If you would like read about this portfolio trade, consider becoming a member of the Money For the Rest of Us Plus. Learn More About Membership » Earlier this week, David sold his position in the JP Morgan Chase Alerian ETN. This exchange-traded note will mature next month as it reaches the end of its term. David sold AMJ prior to its redemption because it has gained 5% in the past month and 15% year-to-date. He decided to lock in the profit. Since October 2017, … [Read more...]
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). Become a Member If you would like to listen to this episode of Money For the Rest of Us Plus, you can do so by becoming a Money For the Rest of Us Plus member. Learn More About Membership Options » 466 … [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 the … [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...]
