Launch of New ETF: Reckoner Capital Management has launched the Reckoner BBB-B CLO ETF (NYSE: RCLO) with over $27 million in assets, focusing on income generation through investments in BBB- and BB-rated CLO bonds.
Market Demand and Strategy: The ETF aims to attract investors seeking higher yields and diversification, as BBB- and BB-rated CLOs offer better returns than AAA-rated CLOs while maintaining lower loss experiences.
Management and Oversight: The ETF is actively managed by Reckoner's co-founder and CEO John Kim, along with portfolio managers Tim Wickstrom and Jared Finsterbusch, and has an expense ratio of 0.50%.
Accessibility for Retail Investors: By providing a liquid, listed form of CLO exposure, RCLO seeks to democratize access to structured products traditionally reserved for institutional investors, catering to retail investors in a low-yield environment.
Wall Street analysts forecast RCLO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RCLO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast RCLO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RCLO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.285
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Current: 25.285
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
