13th Jun 2016 06:35
LONDON (Alliance News) - Neuberger Berman Global Floating Rate Income Fund Ltd on Monday said its net asset value per share was GBP96.01 on May 31, up from GBP95.51 at the end of April.
As of May 31, the company said it had a portfolio yield of 4.74%, 313 investments and 237 issuers. Its investments, excluding cash, were split 93.31% in dollars, 4.60% in euros, 2.09% in sterling. It had 3.90% allocated to bonds out of the maximum 20% allowable, and was invested primarily in B (37.73%) and BBB/BB (55.42%) rated investments.
The FTSE 250 closed-ended investment company targets income generation whilst seeking to preserve investors' capital and give protection against rising interest rates.
By Hannah Boland; [email protected]; @Hannaheboland
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