Credit investors should pay attention to underlying economic risks rather than dwelling on credit labels like public bond, direct loan, leveraged loan and so on, BlackRock Investment Institute say in a note. Factors such as recurring cashflow and lender protections are more accurate metrics, they say. "We favor credit where income is backed by fundamentals - and where investors are paid for liquidity and recovery risks." (miriam.mukuru@wsj.com)
Dow Jones Newswires
Credit Investors Should Focus on Cashflows, Lender Protections — Market Talk
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Credit investors should pay attention to underlying economic risks rather than dwelling on credit labels like public bond, direct loan, leveraged loan and so on, BlackRock Investment Institute say in a note. Factors such as recurring cashflow and lender protections are more accurate metrics, they s…