"Baby Boomers are the biggest retiree US demographic within retiree history. Roughly 4 million Americans will turn 65 by 2027, with the total born roughly numbering 73 million. As a result, their investment preferences and demands dictate the direction and types of many of the product offerings that the financial industry markets, especially when it comes to income. While certain Exchange Traded Funds, Mutual Funds, and Closed End Funds all vie for market share,"
"BlackRock is the asset management 800 lb. gorilla. With over $15 trillion under management, its various Closed End Funds are capable of strategic moves that would be unfeasible for smaller firms. One such example is The BlackRock Science and Technology Term Trust (NYSE: BSTZ). Originally marketed as a technology CEF with a hefty dividend component at its 2019 inception, BSTZ has altered its strategy, due to the accelerated developments in the technology sector, especially in Artificial Intelligence (A.I.). Thanks to BlackRock's deep pockets, BSTZ has become what is essentially a de facto private equity technology fund that maintains a nearly 12% yield, yet also boasts the liquidity and trading ease of a NYSE listed security."
Baby Boomers represent the largest retiree cohort in US history, with roughly 4 million Americans turning 65 by 2027 and about 73 million born. Their demand for income-oriented investments drives product offerings across the financial industry. BlackRock, managing over $15 trillion, can execute large-scale closed-end fund strategies unavailable to smaller firms. The BlackRock Science and Technology Term Trust (BSTZ) shifted from a public-technology income fund toward private-equity-style technology investing amid accelerated developments in AI. BSTZ offers near-12% yield while remaining an NYSE-listed, liquid security. Dividends are generated in part by covered-call writing against 30-40% of its publicly traded technology positions.
Read at 24/7 Wall St.
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