| CEF Weekly Review: BlackRock Resets Its Tender Offers |
We review the CEF market valuation and performance through the first week of April and highlight recent market action. Nearly all CEF sectors were down; Munis and Agencies saw gains due to the sharp drop in Treasury yields. BlackRock announced new CEF tender offers starting mid-April, impacting funds like BOE, BCX, BGY, BSTZ, and MVF, with a 2.5% share buyback at a 2% discount. |
seekingalpha.com |
2025-04-13 18:00:14 |
Czytaj oryginał (ang.) |
| CIK: Checking In On This UBS CEF, 9% Yield (Rating Upgrade) |
UBS Asset Management now advises the Credit Suisse Asset Management Income Fund, which has de-risked its portfolio and reduced 'CCC' assets. CIK's portfolio now includes 40% 'BB' rated assets with a conservative leverage ratio of 23%, focusing mainly on HY bonds. The fund's dividend is well-supported, with 87.5% from net investment income and a small 12.5% ROC figure for September. |
seekingalpha.com |
2024-10-15 05:14:59 |
Czytaj oryginał (ang.) |
| CIK: A Good 9.17% Yielding Junk Bond Fund, But It Is Not Cheap |
The Credit Suisse Asset Management Income Fund, Inc. offers a 9.17% yield, competitive with peers in the sector. The CIK closed-end fund's recent performance has been weaker than domestic investment-grade and junk bonds, but its distribution resulted in a better total return. The fund appears to have slightly reduced the portfolio's credit risk during the first half of 2024, which is probably due to analysts expecting an increase in defaults. |
seekingalpha.com |
2024-06-28 18:11:19 |
Czytaj oryginał (ang.) |
| CIK: This High Yield CEF Is Now Too Expensive |
Credit Suisse Asset Management Income Fund (CIK) has a large allocation to CCC-rated bonds and 27% leverage ratio, making it a risk-on vehicle. CIK is currently trading at a 3.69% premium to net asset value, which is considered overextended versus its historic pattern. |
seekingalpha.com |
2024-03-16 15:36:14 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: CEF Fees Remain Full Of Pitfalls |
We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest-rate sensitive equity sectors seeing lower NAVs due to back-up in Treasury yields. CEF fees are full of pitfalls; however, getting a clear picture of fees can allow investors go generate alpha in CEF allocation. |
seekingalpha.com |
2024-02-18 04:19:47 |
Czytaj oryginał (ang.) |
| CIK: Shares Of This Junk Bond CEF Are Trading At An Unjustifiable Price |
The Credit Suisse Asset Management Income Fund has a yield of 8.71%, lower than some other funds investing in fixed-income securities. The fund's share price has increased by 19.69% since October 9, outperforming major bond indices. The fund's distribution yield is 8.71%, but it failed to fully cover its distributions with net investment income, relying on unrealized gains to make up the difference. |
seekingalpha.com |
2023-12-27 10:31:19 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: CEF Launch Date Doesn't Matter (For Income) |
We review CEF market valuation and performance through the second week of November and highlight recent market action. Most CEF sectors struggled during the week, with only Muni sectors finishing in the green due to a reversal in Treasury yields. There is a misconception that the launch date of a fund gives it a locked-in yield position, but this is not true. |
seekingalpha.com |
2023-11-20 07:28:07 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: Performance Is The Distribution Anchor For Equity CEFs |
We review CEF market valuation and performance through the second week of October and highlight recent market action. CEFs had a good week; however, discount action remains depressed. Equity CEFs have to rely on total NAV performance to anchor their distributions rather than net income. |
seekingalpha.com |
2023-10-23 08:35:13 |
Czytaj oryginał (ang.) |
| CIK: Moving Back To This High-Yield CEF Outperformer |
We discuss our move back to CIK - a mostly high-yield corporate bond CEF - that has been a strong performer in the sector. The fund's net income has been stable over the past two years due to a modest level of leverage and a pocket of floating-rate assets. |
seekingalpha.com |
2023-10-20 02:18:05 |
Czytaj oryginał (ang.) |
| CIK: This Underfollowed Junk Bond Fund Is Actually Pretty Good |
Credit Suisse Asset Management Income Fund, Inc offers a high level of income with a 10.42% yield, but that yield is not impressive compared to other income-focused closed-end funds. The fund has outperformed the Bloomberg U.S. Aggregate Bond Index this year by quite a lot. The fund invests heavily in junk bonds but has a diversified portfolio to mitigate default risk. |
seekingalpha.com |
2023-10-09 22:14:43 |
Czytaj oryginał (ang.) |
| CIK: Just Vote 'Yes' |
Credit Suisse Asset Management Income Fund is a fixed income closed end fund that has been affected by Credit Suisse's merger with UBS. The merger has voided the Investment Advisory Agreement, leading to a proxy vote on a new agreement, which could see UBS Investment Advisers take over. CIK's performance has been driven by its portfolio management team, which we think shareholders would want to remain in place following the merger. |
seekingalpha.com |
2023-07-28 13:39:45 |
Czytaj oryginał (ang.) |
| CIK And DHY: Why These Corporate Bond CEFs Belong In Most Income Portfolios |
We highlight our strategy of allocating to a pair of sister High Yield corporate bond CEFs Credit Suisse Asset Management Income Fund, Inc and Credit Suisse High Yield Bond across our portfolios. Specifically, allocating to this pair of funds and doing an occasional rotation between them can deliver double-barreled performance via two independent sources of alpha. Our lazy-man approach to rotating across these funds has, in effect, more than doubled the yield on offer across these funds. |
seekingalpha.com |
2023-06-28 15:30:33 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: Term CEFs Continue To Be Misunderstood |
We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind. |
seekingalpha.com |
2023-05-27 10:13:16 |
Czytaj oryginał (ang.) |
| CIK: Resilient HY CEF, Back To Normal |
Credit Suisse Asset Management Income Fund is a fixed income CEF focused on the U.S. high yield market. The CEF experienced a significant 10% widening of the discount to NAV when questions were swirling regarding Credit Suisse's viability. |
seekingalpha.com |
2023-05-11 22:10:35 |
Czytaj oryginał (ang.) |
| The Month In Closed-End Funds: April 2023 |
For the first month in three, equity CEFs (+0.67% on a NAV basis) on average witnessed plus-side performance. While their fixed-income CEF cohorts (+0.56%) posted gains for the second consecutive month. |
seekingalpha.com |
2023-05-05 10:19:00 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: The Key Difference Between Accounting Income And Cash Flow |
We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had a fairly flat week with higher-quality / longer-duration sectors outperforming due to the continued drop in longer-term Treasury yields. |
seekingalpha.com |
2023-04-16 05:45:34 |
Czytaj oryginał (ang.) |
| Market Volatility Opens Up More CEF Relative Value Opportunities |
Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up additional yield, adopt a more defensive stance, and generate alpha in their portfolios. |
seekingalpha.com |
2023-04-12 09:20:27 |
Czytaj oryginał (ang.) |
| CIK: Remarkable Market Action In This Credit Suisse CEF |
Credit Suisse Asset Management Income Fund is a high yield closed end fund. CDS levels spiked massively for Credit Suisse on March 15 saw a massive spike in, and the share price was pummeled. |
seekingalpha.com |
2023-03-17 17:00:00 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: Distribution Cuts Pick Up Where 2022 Left Off |
We review CEF market valuation and performance through the first week of January and highlight recent market action. The CEF market had a strong start to the year, supported by higher stocks and lower Treasury yields. |
seekingalpha.com |
2023-01-14 07:09:54 |
Czytaj oryginał (ang.) |
| Why We Are Buying 7-10% Yielding Corporate Credit |
High-yield corporate bond yields have nearly doubled this year on the back of the rise in Treasury yields and a back-up in credit spreads. At current yields, we find corporate bonds attractive in an environment of low default rates, strong macro indicators and decent corporate fundamentals. |
seekingalpha.com |
2022-06-02 17:48:13 |
Czytaj oryginał (ang.) |
| CIK: This 9.7%-Yielding Bond CEF Is Cheaper Than It Looks |
High-yield corporate bonds have seen their yields rise into a much more attractive territory this year. We highlight CIK - a CEF that holds primarily high-yield corporate bonds that has outperformed the sector over various time periods. |
seekingalpha.com |
2022-05-11 14:19:45 |
Czytaj oryginał (ang.) |