Reflecting sustained strong demand for its strategy, CQS New City High Yield Fund (NCYF) has traded at an average premium of 4.9% over the last five years. Whilst the discount spiked out in the depths of last year’s market trough, it quickly bounced back and NCYF was until very recently trading at premiums in excess of 5%. However, it has drifted out to trade around par since February’s modest steepening of the yield curve. Overall, this steepening should be positive for the bulk of the financia ....
15 Apr 2021
A short-term opportunity?
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A short-term opportunity?
CQS New City High Yield Fund Ltd GBP (NCYF:LON) | 52.8 0.2 0.8% | Mkt Cap: 283.7m
- Published:
15 Apr 2021 -
Author:
James Carthew | Matthew Read | Shonil Chande -
Pages:
28
Reflecting sustained strong demand for its strategy, CQS New City High Yield Fund (NCYF) has traded at an average premium of 4.9% over the last five years. Whilst the discount spiked out in the depths of last year’s market trough, it quickly bounced back and NCYF was until very recently trading at premiums in excess of 5%. However, it has drifted out to trade around par since February’s modest steepening of the yield curve. Overall, this steepening should be positive for the bulk of the financia ....