NB Global Monthly Income Fund Limited Red Ord Shs NPV £ (NBMI)

Sector:

Investment Firms

59.75p
   
  • Change Today:
    -2.50p
  • 52 Week High: 78.20
  • 52 Week Low: 58.00
  • Currency: UK Pounds
  • Shares Issued: 42.18m
  • Volume: 53,228
  • Market Cap: £25.20m
  • RiskGrade: 64

NB Global makes positive start to the year

Date: Wednesday 15 May 2013

LONDON (ShareCast) - NB Global Floating Rate Income Fund made a positive start to the year with a strong performance in loan markets in the US and Europe.

The US S&P/LSTA Loan Index produced a total return of 2.11% while the S&P European Leveraged Loan Index (ELLI) 2.52% in the year to date, according to a trading update Wednesday.

Collateralised loan obligations (CLO), mutual funds and pension fund investments drove results.

During the period, the company started to see a pick up in quality issuance in Europe with Virgin Media and Kion both returning to market with fixed rate offerings. The group’s exposure to the region increased to 7.1% from 4.6% at the year end.

"As we have maintained, Europe will always provide good names to invest in but we will remain selective," NB said.

The firm expects more issuance to come out of Europe this year. The largest contributor to performance in 2013 will be coupon payments, the group added.

Shares increased 0.09% to 105.50p at 09:22 Wednesday.

RD

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NBMI Market Data

Currency UK Pounds
Share Price 59.75p
Change Today -2.50p
% Change -4.02 %
52 Week High 78.20
52 Week Low 58.00
Volume 53,228
Shares Issued 42.18m
Market Cap £25.20m
RiskGrade 64

NBMI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
0.69% above the market average0.69% above the market average0.69% above the market average0.69% above the market average0.69% above the market average
81.38% below the sector average81.38% below the sector average81.38% below the sector average81.38% below the sector average81.38% below the sector average
Income Not Available
Growth
87.81% below the market average87.81% below the market average87.81% below the market average87.81% below the market average87.81% below the market average
80.92% below the sector average80.92% below the sector average80.92% below the sector average80.92% below the sector average80.92% below the sector average

NBMI Dividends

  Latest Previous
  Special 5th Interim
Ex-Div 17-May-23 02-Nov-23
Paid 31-May-23 22-Nov-23
Amount 80.22p 2.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:29 2 @ 61.50p
16:29 8 @ 61.50p
16:05 16,440 @ 60.77p
15:57 105 @ 60.50p
15:56 6,478 @ 58.00p

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