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.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.