PBDC: Recent Sell-Off Creates An Opportunity

  • Fear-driven volatility creates investment opportunities, with Business Development Corporations performing well in the current economic environment. Initiating a buy rating on Putnam BDC Income ETF due to its strong performance, high yield, and strategic focus on higher-grade, liquid companies. PBDC has outperformed peers, offering a 60.89% return since September 2022, with top holdings like Blue Owl, Blackstone, Ares Capital, and Golub Capital.