M&G Credit Income Investment Trust Plc (GB:MGCI) has released an update.
M&G Credit Income Investment Trust Plc reported a strong quarterly performance with a NAV total return of +2.42%, outpacing benchmarks and benefiting from credit spread rallies and asset sales. Despite a positive outlook, the company notes that investment grade credit spreads appear expensive given current corporate challenges, and it is favoring higher credit quality assets, including ABS and CLOs, for better risk-return outcomes. The company remains cautious but well-positioned to take advantage of market opportunities with a disciplined investment strategy in a politically and economically volatile global landscape.
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