Update research from QuotedData
Source: RNS
CQS New City High Yield Fund- Update research from QuotedData
19th April 2021
A short-term opportunity?
Reflecting sustained strong demand for its strategy, CQS New City High Yield Fund (NCYF) has traded at an average premium to net asset value of 4.9% over the last five years. Whilst the discount to net asset value spiked out in the depths of last year's market trough, it quickly bounced back and NCYF was until very recently trading at premiums in excess of 5%. However, it has drifted out to trade around par since February's modest steepening of the yield curve (where the yield curve steepens, longer term interest rates rise relative to shorter-term interest rates).
Full research:
https://quoteddata.com/research/cqs-city-high-yield-fund-shortterm-opportunity-qd/
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