Group 1 - Income funds can serve as an effective hedge against market pullbacks while preserving capital through varying market conditions [1] - A hybrid investment strategy combining classic dividend growth stocks, Business Development Companies, REITs, and Closed End Funds can enhance investment income and total return [1] - The total return from this hybrid approach can be comparable to traditional index funds like the S&P [1]

Core Viewpoint - Grayscale Investments has launched the Grayscale CoinDesk Crypto 5 ETF (GDLC), the first multi-asset crypto exchange-traded product (ETP) in the U.S., providing exposure to 90% of the cryptocurrency market capitalization through a single investment [1][2][3]. Company Overview - Grayscale Investments is the largest digital asset-focused investment platform, founded in 2013, with a decade-long track record in the digital economy [4]. - The company has developed a range of investment products that allow investors to access digital assets, including single asset, diversified, and thematic exposure [4]. Product Details - GDLC offers exposure to the five largest and most liquid cryptocurrencies: Bitcoin, Ether, XRP, Solana, and Cardano, and rebalances quarterly to align with leading assets in the crypto market [2][3]. - The fund tracks the CoinDesk 5 Index, which represents over 90% of the total cryptocurrency market capitalization, excluding stablecoins and memecoins [2][6]. - GDLC is not registered under the Investment Company Act of 1940, meaning it is not subject to the same regulations as traditional ETFs [1]. Market Context - The launch of GDLC is seen as a historic milestone for the crypto ETP landscape, meeting the growing investor demand for diverse exposure to cryptocurrencies [3]. - The product aims to simplify access to the most liquid and largest crypto assets, catering to investors looking for broad participation in the digital asset ecosystem [3].

Core Points - ASA Gold and Precious Metals Limited declared a distribution of $0.03 per common share [1] - The distribution is payable on November 19, 2025, to shareholders of record as of the close of business on November 12, 2025 [1] - The Company has maintained uninterrupted periodic distributions since 1959 [1] - ASA Gold and Precious Metals Limited operates as a non-diversified, closed-end fund focused on long-term capital appreciation through investments [1]

Group 1 - A new private equity fund named Beijing Yanqing Shunxi Low-altitude Technology Equity Investment Fund Partnership has been established with a capital contribution of 200 million RMB [1] - The fund is managed by Beijing Shunxi Private Fund Management Co., Ltd., and its business scope includes venture capital, private equity investment, investment management, and asset management [1] - The fund's partners include Beijing State-owned Capital Operation Management Co., Ltd., Beijing Zhongguancun Yanqing Park Investment Development Co., Ltd., and Beijing Shunxi Private Fund Management Co., Ltd. [1]

Group 1: Corporate Developments - Nvidia has made a significant investment of over $900 million to acquire key personnel and technology from AI startup Enfabrica, reinforcing its leadership in the AI hardware sector [3][8] - SoftBank's Vision Fund plans to cut nearly 20% of its global staff, marking a strategic shift towards a concentrated focus on large-scale AI investments [4][8] - Pattern Group Inc. successfully priced its IPO at $14 per share, reflecting strong investor interest [6][8] - Zijin Gold International Co. is preparing for a substantial IPO in Hong Kong, aiming to raise approximately HK$24.9 billion (US$3.21 billion), potentially one of the largest listings in the city this year [7][8] Group 2: Economic Indicators - New Zealand's trade deficit widened significantly to NZ$1.19 billion in August, driven by a decline in exports, although the year-to-date trade deficit showed improvement [5][8]

Group 1 - The BlackRock Enhanced Large Cap Core Fund (CII) is a closed-end fund that offers monthly distributions through gains in its underlying portfolio and options writing [2] - The fund targets safe and reliable yields of approximately 8% for income investors, appealing to both active and passive investors [2] - The CEF/ETF Income Laboratory provides managed portfolios, actionable recommendations, and in-depth analysis, fostering a community of over a thousand members focused on income strategies [2] Group 2 - Nick Ackerman, a former financial advisor with over 14 years of personal investing experience, covers closed-end funds and exchange-traded funds [3]

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The investment approach focuses on high-quality dividend stocks and assets that provide long-term growth potential, which can significantly contribute to income generation [1]. - The strategy aims to create a balanced portfolio that captures total returns on par with the S&P index, demonstrating the effectiveness of blending growth and income investments [1].

Core Viewpoint - The Federal Reserve is expected to initiate a series of interest rate cuts starting in 2025, with projections indicating a decline that may continue into the third quarter of 2026 [2][3][4] Interest Rate Cuts and Market Expectations - The Federal Open Market Committee (FOMC) has reduced the fed funds target rate by 0.25% to a range of 4% - 4.25% [3] - Financial markets anticipate a steady decline in the fed funds rate, potentially bottoming out just below 3% by the end of 2026 [4][10] Impact on Households - Lower interest rates will affect American households in two significant ways: reduced income from investments and lower payments on loans such as mortgages [5][6] - The average yield on money market funds is currently 4.08%, which is favorable compared to the inflation rate of 3.1% [7][8] Money Market Funds Outlook - As the Fed reduces interest rates, yields on money market funds are expected to decline, potentially falling below 3% by late 2026 [9][10] - The current inflow into money market funds, which exceeds $7.3 trillion, may reverse as yields decrease [8] Yield Curve Dynamics - An inverted yield curve has led to higher yields on short-term bonds compared to longer-term bonds, driving inflows into money market funds [11] - A return to a positively sloped yield curve is anticipated, making longer-term bonds more attractive as front-end rates decline [12][14] Mortgage Market Implications - Lower interest rates are expected to facilitate cheaper borrowing, particularly for mortgage refinancing, with average 30-year mortgage rates dipping below 6.5% [16][17] - Increased mortgage refinancing activity is anticipated as homeowners take advantage of lower rates, which are more closely correlated with the 10-year Treasury yield [17][18] Overall Economic Impact - The net effect of lower interest rates is viewed positively, as they provide cheaper borrowing costs while also reducing income from short-term investments [20][21] - The favorable environment for equities and other risk assets is also a significant consideration for investors [22]

MIAMI BEACH, Fla., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) (the “Fund”). Under the terms of the Tender Offer the Fund is offering to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV. The Fund announced the Tender Offer in a press release on August 25, 2025. The Fund has offered to purchase up to 5% of the currently outst ...

本报讯(记者袁传玺)天眼查App显示，近日，河南空天产业基金合伙企业(有限合伙)成立，执行事务合 伙人为深圳国裕高华投资管理有限公司，出资额20亿元，经营范围为以私募基金从事股权投资、投资管 理、资产管理等活动。合伙人信息显示，该基金由焦作通财创新创业投资基金(有限合伙)、焦作市高质 发展股权投资基金合伙企业(有限合伙)、焦作瀚泰产业投资有限公司、深圳国裕高华投资管理有限公司 共同出资。 ...