NB Global Corporate Income Trust see rebound of 4.7%

Company News

by Rachael Jones

Neuberger Berman, manager of the NB Global Corporate Income Trust (ASX:NBI), has released the first half-yearly financial report for the period ending 31 December 2018 showing a strong rebound of 4.7 per cent.

Interest rates, trade conflicts between the US and China, and fears of a global economic slowdown led to a volatile fourth quarter for global capital markets last year.

However they found investors returning to the market given positive company earnings and the US Federal Reserve indicating a pause to interest rate increases.

Neuberger Berman is considering a new capital raise for NBI in the coming months.

They are a private, independent, employee-owned investment manager.

Shares in NB Global Corporate Income Trust (ASX:NBI) are trading 0.48 per cent lower at $2.06.

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