FS Credit Opportunities Corp. (FSCO) has declared a monthly distribution of $0.06 per share for September 2024, payable on September 30th. The distribution represents an annualized yield of 10.1% based on the Fund’s net asset value (NAV) and 11.4% based on market price as of August 31st. FSCO, with over $2.2 billion in assets under management, specializes in event-driven credit, special situations, and private capital solutions.
Indian family offices are set to experience significant growth in their assets under management (AUM) over the next three years, reaching $45 billion by 2026. This represents a 50% increase from the current $30 billion managed by approximately 300 family offices. The shift in investment strategy is driven by a move away from traditional assets like mutual funds towards alternative investments like private credit, venture debt, and asset allocation strategies.
Amid a market dominated by tech giants, Barclays has identified stocks with similar characteristics to Big Tech but offer diversification opportunities. Despite the recent downturn in the S&P 500, select Big Tech companies like Alphabet and Apple have remained resilient. However, Barclays suggests investors diversify their portfolios to beat market benchmarks.
The final rule from the DOL’s Employee Benefits Security Administration requires financial advisors and other retirement professionals to prioritize clients’ best interests when recommending rollovers to individual retirement accounts and certain annuities. ADISA, the nation’s largest trade association for the alternative and direct investment space, had participated in the rulemaking process through testimony and a comment letter. While ADISA acknowledges that the rule has been amended from the proposed version, it remains to be seen whether the changes will significantly impact how the rule is applied to broker-dealers and ADISA members who recommend alternative investments.
Home equity investments (HEIs) are gaining traction as a new asset class, allowing investors to access the value of homeowners’ equity. These investments offer potential returns through property appreciation and home sales or refinances, without subjecting homeowners to additional debt or monthly payments. With a large and growing home equity market, HEIs are becoming more accessible to individual investors through platforms like Nada’s Cityfunds product.
