Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Hosted by Tim Stenovec and Katie Greifeld, Take Stock is your midday destination into the market day, speaking directly to retail traders and more
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Valero Energy refinery in Wilmington, California.
Vildana Hajric and
Katherine Greifeld
Investors seeking shelter from the stock selloff that’s dragged on all year have found a home in cash-rich companies.
Take the Pacer US Cash Cows 100 ETF (ticker COWZ), whose assets under management have risen to $5.6 billion from $1.3 billion at the start of 2022. The fund, which tracks mid- and large-cap companies with high free-cash-flow yields, has seen an inflow every week so far this year, data compiled by Bloomberg show. Through Monday, it was up 2.3% year to date, compared with the S&P 500’s nearly 17% loss.
