Destra Insights

A brief update on the preferred securities market from the team at Flaherty & Crumrine, Incorporated.

We had the opportunity to sit down with Polina Kurdyavko, Head of Emerging Market Debt, Senior Portfolio Manager at BlueBay to discuss a recent white paper written by the Emerging Market Debt Team. Please enjoy this short podcast.

We had the opportunity to sit down with Mark Dowding, Chief Investment Officer at BlueBay to discuss his Macro Tips for 2020. Please enjoy this short podcast.

There has been near-term volatility in Healthcare stemming from recent proposals, especially ahead of the 2020 Presidential election. Fundamentally, very little has changed in Healthcare.

Following a year of impressive gains, how can investors prepare for success in 2020? Mark Dowding talks us through the key macro points to watch and shares three investment tips for the year ahead.

We sat down with Marc Kemp, Institutional Portfolio Manager, Global Leveraged Finance for BlueBay Asset Management to get an update on the global credit market.

Negative-yielding bonds that, if held to maturity, are guaranteed to impose a loss on investors. The stock of negative-yielding bonds has almost doubled since the start of the year to USD16 trillion, amounting to some one-third of global bonds.

So far, the transition from the London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) has been going smoothly. Read more about the transition and comments from Destra's Investment Partner

What is the difference between preferred and common stock? Preferreds are hybrid securities that blend unique characteristics of both stocks and bonds. This hybrid structure was first introduced in the U.S. by the State of Maryland in 1836 as a solution to fund their local railroad and canal companies. Over time, this structure has evolved and today is a unique hybrid that blends the following unique characteristics.

To understand the potential attractiveness of preferreds, we are going to “take a ride on the B&O Railroad”. Looking back at history may help us gain an understanding of why preferred stocks have been used for nearly two centuries by the wealthy and institutions alike as an attractive alternative and compliment to stocks and bonds, within a well-diversified portfolio.