NB Global fund continues to hold majority of investments in US dollars
The NB Global Floating Rate Income Fund reported a net asset value of £96.14 ($96.83) in its latest portfolio update covering the period running up to 31 July.
Equity Investment Instruments
12,080.23
17:14 13/11/24
0.02%
1.83
FTSE 250
20,359.21
17:14 13/11/24
n/a
n/a
FTSE 350
4,434.70
17:14 13/11/24
n/a
n/a
FTSE All-Share
4,392.88
16:44 13/11/24
n/a
n/a
NB Global Monthly Income Fund Limited Red Ord Shs NPV £
57.50p
16:44 01/07/24
0.00%
0.00p
With 311 investments, mostly in the US, the closed-ended investor in so-called 'junk' loans said the portfolio's current yield was at 4.68%.
At 93.47% US dollar denominated instruments accounted for the lion's share of FTSE 250-listed NB Global's portfolio, with another 4.60% of the total going to investments denominated in euros and the remaining 1.93% dedicated to sterling assets.
As of period end the fund had allocated 4.12% of its monies to bonds out of the 20% ceiling allowable.
It was primarily invested in B (39.45%) and BBB/BB (53.63%) rated investments from 235 issuers.