Barbara Friedberg, for US News, writes: “A better alternative to a long-term bond fund today is a short-term bond fund … With these options, you won’t risk losing principal value as interest rates increase during the next few years.” Read the article here.
“The bull market is on the brink of losing one of its most important supports … corporate insiders who historically have exhibited the greatest insight into their companies’ prospects have recently become more bearish … That doesn’t have to doom the market immediately, since insiders often act early, in order to avoid the appearance — or the [...]
Forbes Contributor, Tim Cross, on high yield bond volume. Hitting $7B despite rising rate environment. “U.S. high yield bond issuance rebounded to $6.9 billion last week despite still-rising underlying Treasury Rates. Rather than test potentially higher rates in the future, issuers got to work last week, pricing $2.4 billion of offerings on Tuesday alone, after [...]
Wallace Forbes, Forbes.com, speaks with John Lekas, CEO, and Scott Carmack, Co-Portfolio Manager, Leader Capital. From staying on corporate bonds and passing on government paper to sticking with the dollar but not being restricted to U.S. corporates, Forbes readers learn of Leader Capital’s model and success. Read the entire article at Forbes: http://www.forbes.com/sites/wallaceforbes/2013/10/28/when-things-get-beaten-up-look-for-the-larger-market-caps/
Leader Capital believes that the U.S. dollar is poised to break lower. 79 is an important level of support on the above chart. We think that there are a number of reasons the DXY will break, including the economic recovery in Europe, the appointment of Janet Yellen, and the paralysis in Washington. A decisive break [...]
Will the government shutdown help restore the U.S. AAA status? John Lekas, Leader Capital CEO, gives his outlook on Fox Business. Watch the full video at http://video.foxbusiness.com/v/2710267690001/will-shutdown-help-restore-us-aaa-status/
“One of the top-performing short-term bond funds isn’t run by a big Wall Street firm or supported by a team of Ph.D.’s in finance. On the contrary, the Leader Short-Term Bond fund hails from a tiny Portland, Ore., fund shop whose founder, John Lekas, paid his way through the University of Oregon fighting forest fires [...]
Nike’s Gary DeStefano speaking on NWCN regarding Portland citizen John Lekas and Nike’s gift to Portland’s basketball courts.
Corporate Credit has witnessed a fairly significant correction over the last couple of weeks, driven by ETF redemptions as investors rushed to the fixed income exits. It started with the treasury sell off precipitated by hawkish language from the Federal Reserve, but quickly moved to corporate credit. In the age of ETF’s, we can gauge [...]
The SEC votes this week on a proposal to eliminate the stable $1 NAV price of money market funds. The vote is a long awaited response to the failure of the Reserve Money Market Fund back during the credit crisis. The ramifications of a positive vote will be far reaching and reverberate through the financial [...]