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The key bullish catalyst is the Franklin Templeton - Legg Mason acquisition transaction, which should improve portfolio management of this fund over the long ru
Western Asset Investment Grade Income Fund Inc. (the “Fund”), which is traded on the New York Stock Exchange under the symbol “PAI,” announced today t
Voto Latino Foundation, Mission Asset Fund (MAF), and APIAVote have launched the $4 million Immigrant Neighbor Fund – with a $1 million investment by
Franklin Resources and Prudential Financial have business fortunes linked directly to U.S. stock and bond market health. The coronavirus pandemic has created hu
The Federal Reserve is pulling out all the stops to keep credit flowing during and after the pandemic, which is threatening to spark the worst U.S. economic...
Hontop Energy (Singapore) Pte Ltd, the trading arm of a Shandong-based refiner, is negotiating directly with banks on managing its debts after it withdrew its application for a debt moratorium, two so
Closed-end fund investors usually have little influence over the management of their funds, which is one reason why closed-end funds trade at a discount to thei

Legg Mason AUM drops 9% in quarter

03:36pm, Wednesday, 29'th Apr 2020
Camelot Portfolios LLC trimmed its stake in Western Asset Emerging Mrkts Dbt Fnd Inc (NYSE:EMD) by 20.9% during the first quarter, according to its most recent 13F filing with the Securities and Excha

EDF And EDI: The Hazards Of Chasing Yield

04:58pm, Friday, 24'th Apr 2020
EDF and EDI just cut their distributions by half. We predicted this based on their eroding earnings and NAVs. Sidestepping the earnings announcement or shorting

COVID-19 Leads To Dispersion In EM Debt

09:07am, Friday, 24'th Apr 2020
EMs have less capacity to respond to the pandemic through fiscal and monetary stimulus than does the developed world. The Middle East, Africa, and Latin America
EM currencies have plunged against the dollar. Recent sales of emerging market bonds has been indiscriminate, impacting the at-risk issuers that have little pol
Nwam LLC cut its holdings in shares of Western Asset Emerging Mrkts Dbt Fnd Inc (NYSE:EMD) by 5.8% during the 1st quarter, Holdings Channel reports. The firm owned 42,705 shares of the company’s sto
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