LONDON (ShareCast) - (ShareCast News) - The NB Global Floating Rate Income Fund reported a net asset value of £96.14 ($96.83) in its latest portfolio update covering the period running up to 31 July.
With 311 investments, mostly in the US, the closed-ended investor in so-called 'junk' loans said the portfolio's current yield was at 4.68%.

At 93.47% US dollar denominated instruments accounted for the lion's share of FTSE 250-listed NB Global's portfolio, with another 4.60% of the total going to investments denominated in euros and the remaining 1.93% dedicated to sterling assets.

As of period end the fund had allocated 4.12% of its monies to bonds out of the 20% ceiling allowable.

It was primarily invested in B (39.45%) and BBB/BB (53.63%) rated investments from 235 issuers.

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