Kevin Flanagan, Head of Fixed Income Strategy, WisdomTree Asset Management discusses the state of the economy and fixed income broadly, as well as how alternative credit could be leveraged into a portfolio.
U.S. and global interest rates persistently hover around all-time lows, while equity markets continue to soar. Advisors today are challenged to find an income solution that delivers the right amount of relative value and risk-adjusted returns.
The recently launched WisdomTree Alternative Income Fund (HYIN) aims to deliver high income potential through exposure to certain debt and debt-based securities. Historically, access to the alternative credit asset class has been limited to institutional and ultra high net-worth investors. HYIN’s liquid ETF structure democratizes exposure to institutional-level advisors and delivers a yield advantage over equity and fixed income. HYIN tracks the Gapstow Liquid Alternative Credit Index (GLACI), which was created by alternative credit leader Gapstow Capital Partners. Chris Acito, Gapstow’s CEO, explained in a recent press release that, “GLACI is an alternative credit index which is diversified, liquid, and investable. Its design has been informed by our twelve years of experience in multi-sector credit portfolio construction.”
To learn more, register & watch WisdomTree’s webcast: A High Income Solution for a Yield-Challenged Environment.
Please join Kevin Flanagan, WisdomTree Head of Fixed Income Strategy, and Chris Acito, CEO, CIO and founder of Gapstow Capital Partners as they discuss a potential solution to find income in this yield-challenged environment.
- How has the macroeconomic backdrop led us to this environment?
- What is Alternative Credit?
- Where does Alternative Credit fit in a portfolio?