PAAA: Defensive Yield In Uncertain Times

Group 1 - The author has shifted focus from BBB tranches to AAA tranches due to reduced risk premiums and narrowing credit spreads in the asset management sector [1] - Financial Serenity is a column dedicated to financial analysis and quantitative research, particularly in asset management, managed by an experienced financial researcher [2] Group 2 - The initiative aims to provide in-depth analysis of the dynamics driving the asset management market, combining data analysis with actionable insights on ETFs and trending instruments [2]