BRIEF

on M&G Credit Income Investment Trust Plc (isin : GB00BFYYL325)

M&G Credit Income Investment Trust's Quarterly Review Highlights Challenges and Opportunities

M&G Credit Income Investment Trust Plc has released its quarterly review for the period ending 30 September 2024. The review indicates a stabilization of the global economy, with major central banks reducing interest rates. In the US and Europe, inflation rates have reduced, influencing the labor market dynamics.

In the third quarter, the Trust's performance was impacted by credit stress in a private holding, resulting in a NAV return of 1.61%, lagging behind its benchmark. Public bond markets showed resilience despite macroeconomic pressures. Strategic shifts included selling bonds in Thames Water due to liquidity concerns and UK REIT Hammerson Plc over valuation assessments.

In private markets, significant investments were made in real estate and direct lending, focusing on logistics and manufacturing. Looking ahead, geopolitical tensions and fiscal uncertainties may pose challenges, yet the Trust remains optimistic about investment-grade credit and private markets.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all M&G Credit Income Investment Trust Plc news