com), an internet-based Dutch auction platform for the investment-grade bond
In September the firm broke new ground as sole lead manager in a 10-year $300 million investment-grade bond
issue by Coca-Cola Enterprises Inc.
7 billion, consisting of 25 structured products including nine CLOs, one structured loan fund, 10 ABS CDOs, and five investment-grade bond
In addition, the group continued to reduce the level of below investment-grade bond
holdings from a high of 40 percent of surplus in 1990 to a more reasonable 20 percent of surplus at year-end 1992.
AST's launch consists of 10 ETF collective funds, including large-cap, mid-cap, small-cap, emerging markets, international, equity, short-term and investment-grade bond
Misenheimer, 42, brings 15 years of high-yield and investment-grade bond
investment management experience to Seligman.
The company's strong cash flow and large investment-grade bond
portfolio (over $8.
The Fund's bond portion seeks to parallel the investment performance of the unmanaged Salomon Brothers Broad Investment-Grade Bond
Index, a widely recognized benchmark for the U.
Last year, investment-grade bond
spreads widened and issuance declined due to a combination of reasons: European investors learning to cope with their first credit down cycle since the launch of the euro, reverberations from accounting and disclosure irregularities on both sides of the Atlantic, and concerns over the implications of equity declines on corporate pension plan funding needs.
A projection of anemic returns on investment-grade bonds
, cash, and some other assets, owing in part to a meaningful expected rise in interest rates and tepid Gross Domestic Product (GDP) growth of 2.
What I expect we'll see is more of a carrier shift to lower-rated investment-grade bonds
and a slight increase in stocks and junk bonds.
The Core Plus Bond fund will invest at least 65 percent of its assets in investment-grade bonds
and also have the ability to invest up to 35 percent of its assets in high-yield and emerging market debt.