What Are Collateralized Loan Obligations?

A Collateralized Loan Obligation (CLO) is a single security comprised of various corporate loans, generally used in institutional investor portfolios for stable cash flow. The loans are initially sold to a CLO manager, who then bundles multiple loans with a similar credit rating together and…

What Are Smart Beta Funds?

Index funds are generally comprised of public companies grouped by market capitalization. For example, you may have a large cap index fund linked to the S&P 500 Index, or a small cap index fund linked to the Russell 2000. Smart beta funds are similar, but…

The Pre-Retirement Bucket List

Crossing items off a bucket list is one of the things pre-retirees look forward to most. However, there are some things to check off during your working years that could make retirement even more enjoyable. If you have dreams of climbing Mount Kilimanjaro or touring…