Destra Insights

The third quarter 2024 update for the Destra Flaherty & Crumrine Preferred and Income Fund. This webcast features an interview with Portfolio Manager Eric Chadwick from Flaherty & Crumrine.

The third quarter 2024 update for the BlueBay Destra International Event-Driven Credit Fund (CEDIX). This webcast features an interview with Portfolio Manager Duncan Farley from BlueBay.

October is often a tough month for risk assets. Some of the stock market’s biggest sell offs in history have occurred in this first full month of fall in the northern hemisphere. Credit instruments often trade in sympathy with equities, if not in lock step occasionally. This October, bond prices generally fell like autumn leaves, as yields pushed up for a host of reasons.

September has historically been the cruelest month for stocks (on average) going back decades. And credit often plays sympathy to the devil of equities, especially on the downside. But this September saw stocks and credits soar in a devil may care, rally.

In the old classic 60/40 model, stocks make up the majority of the allocation. Through the end of August, that part of the balanced model has performed brilliantly, up an astounding almost 20% YTD (S&P 500 19.53%).

The second quarter 2024 update for ArrowMark Financial Corp (BANX). This webcast features an interview with President Dana Staggs and Chief Financial Officer Patrick Farrell.

The second quarter 2024 update for the BlueBay Destra International Event-Driven Credit Fund (CEDIX). This webcast features an interview with Portfolio Manager Duncan Farley from BlueBay.

The second quarter 2024 update for the Destra Flaherty & Crumrine Preferred and Income Fund. This webcast features an interview with Portfolio Manager Eric Chadwick from Flaherty & Crumrine.

Wow, July was hot. Temperatures were up all across the US but the real heat was in the bond markets, were yields wanted to come down, investors were certain Powell promised them a September cut, and nothing could dissuade the bond bulls of summer from pushing prices higher.

Here at the halfway point of 2024, the light of investment heaven shines brightly from the mountain top, even as the heat of summer drips sweat off the brow of those of us laboring to get our portfolio rocks to the top.