It’s the latest example of how firms who spent the past decade battling low yields are now raising cash to seize on deep discounts from the coronavirus.

There’s a lot to complain about these days, from the effectiveness of the government’s $3 trillion stimulus package to unlimited quantitative easing.

With few corners of the fixed-income industry safe from harm, investors’ faith in managers appears to be intact — for now.

“These funds got an assist from the Fed when they were told they would backstop the higher end of the high-yield credit industry,” an expert says.

CEO Larry Fink has provided the federal government insight on coping with the fallout from the pandemic.

While the central bank’s support may help keep credit flowing amid the coronavirus, “it doesn’t necessarily improve the outlook for bankruptcies.”

Just days after the Fed lifted Wells Fargo's asset cap so it could make more Paycheck Protection Program loans, it warned customers its queue is long and they may want to go elsewhere before program funds are exhausted.

Flagship funds at Ken Griffin's firm had been down 5.3% through March 20 before things turned around.

The central bank’s pledge to buy investment-grade credit and certain funds helped spark a rally in higher-rated debt.

Asset managers may need to reassess the assumption that’s become widely held in recent years: that inflation is dead.

“Recent further Fed action from COVID-19 seems to put another layer on a near-40-year bond bull market,” an expert says.

The asset manager will serve “as a third-party vendor to operationalize these purchases and transact with the primary dealers,” the New York Fed said.

The world’s 500 richest people have lost almost $1.3 trillion since the start of the year.

The iShares fund saw the second-biggest inflow in its 18-year history after the central bank said it would begin buying corporate bonds and credit ETFs.

After becoming unmoored in recent weeks as bond market liquidity dried up, funds that stand to benefit from the central bank’s buying are now rallying.

The fund paid out about $150 billion in redemptions Thursday, all in cash.

The platform aims to "assist … in meeting demands for redemptions” as alarm over the coronavirus continues to cause strains in short-term funding markets.

Lenders have been ringing up investment firms and hedge funds to garner interest in financing to companies in industries upended by the coronavirus.

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.