Elias Lanik

BofA Names Its Top Clean Energy ETF Pick

Clean energy stocks have been top performers in 2020, and traders are optimistic that a potential blue wave in the November election could open the door for a more favorable environment for clean energy in the U.S. On Monday, BofA Securities initiated coverage of four clean energy ETFs and chose its top pick among the four.

BofA Downgrades Closed-End REITs On Distribution Risks

With some holdings ceasing dividend payouts, REITs are facing a hit to income potential, while lower net asset values (NAVs) have resulted in a substantial increase in the distribution rates of the funds, according to BofA Securities.