High Yield Spotlight

In case you haven’t been following the markets over the past week or so, tech stocks are in the midst of a bit of a reversal. There are only a couple of tech-focused CEFs available, but now’s a good time to revisit them, see what the damage is and how well (or poorly) they’re positioned. The fund I want to look at is the BlackRock Science & Technology Term Trust (BSTZ). It’s important to understand just how much these types of funds could be impacted.

The high yield fixed income market looks like it’s getting slowly more dangerous here, although you wouldn’t know that judging by investor behavior. On the surface, that might make the KKR Income Opportunities Fund (KIO) look like a less than ideal choice for income seekers, but we also have to make sure that this isn’t a case of the right fund at the wrong time.

This week, I want to talk about an asset class that a lot of investors use for income generation - crypto. OK, that’s obviously not true, but if you’re willing to look beyond spot bitcoin ETFs, there are actually some interesting products out there. A lot of folks assumed that bitcoin futures ETFs, such as the ProShares Bitcoin Strategy ETF (BITO), would become irrelevant once spot bitcoin ETFs were approved by the SEC. That hasn’t been the case.