BS Secured Lending Fund [BXSL] vs S&P500 [SPY] as ETF-InvestHello folks,
investment pot :
🔴
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🟢 <<== Long-Term (over 1-5 years) ; Retirement/Savings
thesis:
"There are good alternatives to the SP500"
instrument:
The Blackstone Secured Lending Fund (NYSE: BXSL) is a Business Development Company (BDC) that primarily invests in the 'first lien senior secured debt*' of private U.S. companies. As a subsidiary of Blackstone, the world's largest alternative asset manager, BXSL provides financing solutions to companies in need of credit.
With a market cap of over $5.9 billion, BXSL is one of the largest BDCs in the US.
idea:
The chart shows BSXL divided by the SP500 (SPY):
As we can see, it outperforms the SP500 by approx. 10 percentage points.
Additionally, it is building further upside-potential against the Index.
Investors seeking a decent value pick as long-term savings/retirement hold, this Fund could be an interesting alternative. Assuming further dropping of interest rates in Q4/2024, this credit intensive business could profit from easing access to liquidity.
technical:
Ascending Triangle in comparison to the SPY500-ETF.
fundamentals:
💰Strong Dividend Yield : BXSL offers an attractive dividend yield of around 10.2% , making it an appealing option for income-focused investors.
🚀 Solid Financial Performance : BXSL has demonstrated consistent financial performance with a market cap of over $5.9 billion and a net income of $708.24 million over the last 2 years.
🧠 Experienced Management : As a subsidiary of Blackstone, one of the world's largest asset managers, BXSL benefits from experienced management and a robust infrastructure, ensuring effective oversight and strategic decision-making.
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*footnotes:
First lien senior secured debt is a type of loan that has the highest priority in being repaid, secured by the borrower's assets as collateral.
