Beaten Down, But Not Done: The VanEck BDC Income ETF's Unlikely Rally The stock market can be merciless, and few areas have been as pummeled in recent times as business development companies (BDCs).
These unique financial instruments provide direct private debt financing to small to mid sized businesses.
Once touted as a steady source of high income returns, the industry has been hit hard by investors demanding cash back during quarterly liquidity opportunities.