The Ciclical Value Rotation Goes On

Column by Gabelli Funds

Date:

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Pixabay CC0 Public DomainRotación cíclica. Rotación

Autor: Cecilia Prieto

Amid concerns about ramping inflation, the Fed hinted that it may soon be time to begin a discussion on tapering the $120 billion/month asset-purchase plan, with indications that the debate could begin as soon as the June FOMC meeting.

M&A Activity remained vibrant with more than $490 billion announced deals globally, bringing year-to-date deal volume to $2.1 trillion, an increase of 90% over 2020 activity.

Even with better terms for investors, the global convertible market is a fast and inexpensive way for companies to raise capital. We anticipate the current pace of issuance to continue which would make 2021 another year of global convertible market expansion and diversification.