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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.