For our bank holdings that possess sizeable investment banking businesses, the surge in trading
and underwriting activity spurred on by the COVID-driven recession helped to cushion the impact of elevated credit provisions discussed above.
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Home » Research » Davis Select Financial ETF Annual Review 2021—Davis Advisors
For our bank holdings that possess sizeable investment banking businesses, the surge in trading
and underwriting activity spurred on by the COVID-driven recession helped to cushion the impact of elevated credit provisions discussed above.
Investors’ reach for yield puts downward pressure on 10-year Treasury rates, likely rendering the current yield unsustainable.
Our positive 2021 economic outlook, combined with better-than-expected company fundamentals, supports strong credit performance and spreads.
Rick Rieder and team think that today’s potent policy cocktail holds key implications for economic growth, markets and the value of a dollar.
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