GraniteShares' Rhind: Inflation's peak improves prospects for BDCs and CEFs

Will Rhind, chief executive officer at GraniteShares -- which runs the GraniteShares US High Income ETF -- says that it appears to him that inflation has peaked and that interest rates are more stable, which has created a more favorable outlook for business-development companies and closed-end funds. Rhind notes that with economic conditions improving, the prospects for the businesses that are funded by BDCs has become more stable; he also cited the dollar's peak against foreign currencies as improving the prospects for emerging-markets closed-end funds.