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Categorized as derivative income funds by Morningstar, these funds use options to generate income from an individual stock or a diversified, often indexed, portfolio. More than 100 such derivative-income ETFs have launched in the past 12 months and over 200 in the past three years. The differences between the diversified ETFs and the single-stock ones are night and day, volatility-wise. But given the risks, why own these single-stock ETFs instead of the stocks directly?
By Lewis Braham
Money is one of humanity’s greatest inventions. But crises of credit have been with us since ancient times.
By James Grant, the editor of Grant’s Interest Rate Observer, is the author of “Friends Until the End: Edmund Burke and Charles Fox in the Age of Revolution.”
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Many funds that hold illiquid assets, such as private credit, allow investors to cash out once a quarter, and—if total requests reach more than 5% to 7% of assets—will fill only a portion of each request. There may be ways to sell private-credit funds, but investors should expect to receive a sizable discount to net asset value, or NAV, if they sell now, says Kurt Nye, chief investment officer at MAI Capital Management.
By Barron’s Staff
Beijing has used loans to developing nations to expand its influence, but a new study says no country has received more Chinese financing than the United States. In all, Chinese state-owned firms have provided $2.2 trillion in loans and grants around the world since 2000, a figure two to four times larger than previously thought, according to Brad Parks, the lead author of a report that AidData released on Tuesday, which draws on information from more than 30,000 projects in over 100 countries.
By Alexandra Stevenson
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| Last updated: Apr. 12, 10:20 | Page 4 of 5 |


