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Commentary - page 4
Favorable Fundamentals in the Housing Market
CIO of Public Strategies Sam Dunlap and Chief Portfolio Strategist David Wells share several factors they believe will provide a tailwind to mortgage credit and housing prices even in the face of a potential recessionary environment.
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Bulled Up on Banks
The series of recent events in the U.S. banking sector has resulted in a significant loss of confidence in the space, and the resulting regulatory response may be like that seen in the wake of the Global Financial Crisis. For investors, opportunities like this are rare. Learn why Angel Oak’s financials team remains convinced in the soundness of the banking system and its ability to emerge stronger.
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The Front End is Alive
The Federal Reserve’s inflation battle has brought the front end of the yield curve to life. Sam Dunlap and David Wells urge investors to rethink their views on ultra-short strategies, as they now have the potential to deliver high income with possible price appreciation within a diversified fixed income allocation.
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2023 Financials Market Outlook
Angel Oak’s PM team provides an outlook for the financial sector in 2023 and identifies pockets of opportunity within the community bank space.
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2023 Market Outlook
The great bond bear market of 2022 left a swath of destruction in financial assets, especially within long-duration fixed income. While pandemics and wars are difficult to anticipate using typical macroeconomic indicators, our focus on sustainable fundamentals in high-quality areas of structured credit should position us to outperform over the long-run credit cycle as the bond bear market of 2022 has created years of total return potential. Bonds are the new stocks in 2023, and we encourage investors to take note of that when they assess the carnage of the 2022 bond bear market.
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Compelling Relative Value Opportunities Within Agency MBS
David Wells and Abhi Kane explain that surging interest rate volatility and the resulting massive slowdown in housing activity have presented some of the most compelling investment opportunities in the agency mortgage market in years.
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Q&A: Angel Oak Income ETF
Angel Oak’s portfolio management team provides an overview of the Angel Oak Income ETF, including what they believe differentiates its strategy.
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Q&A: Angel Oak UltraShort Income ETF
Angel Oak’s portfolio management team discusses the firm’s decision to enter the ETF marketplace and explains what investors can expect from the Angel Oak UltraShort Income ETF.
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Finding Total Return Opportunities in Short-Term Strategies
Angel Oak’s portfolio management team explains why it believes that investors who have recognized the current value in short-term securitized credit should benefit over the intermediate term.
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2022 Mid-Year Outlook
This year has started as one for the record books. The traditional 60/40 portfolio is on track for its worst year on record, commodities are on pace for the most outperformance on record, the Fed hiked their target rate 75 basis points for the first time since 1994, and inflation is running at its highest annual pace since 1981. Angel Oak’s portfolio management team reviews how we got here and looks ahead to opportunities for the second half of the year.
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