CIK News and Press, Credit Suisse Asset Management Income Fund Inc. From 06/08/22

FOF is a CEF that primarily holds other CEFs and trades at a 9% current yield. In this article we discuss some of the mechanics of the fund and address some of the misconceptions we keep seeing about it. Investors who like a hybrid Equity / Credit allocation have a number of other...

We review CEF market valuation and performance through the fourth week of May and highlight recent market action. The CEF space had a V-shaped bounce this week, recovering most of the previous losses for the month. Reversing their previous underperformance, Munis did well. We take...

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 fundame...

We review CEF market valuation and performance through the third week of May and highlight recent market action. The CEF space had a pretty flat weak as a modest tightening in discounts offset further NAV falls. We take a look at the question of relative performance between High-Y...

We review CEF market valuation and performance through the second week of May and highlight recent market action. CEFs had another down week with weakness now shifting to credit funds from higher-quality long duration funds. We check in on various metrics to see whether capitulati...

We review CEF market valuation and performance through the first week of May and highlight recent market action. The CEF space had another tough week as Treasury yields keep marching higher. We discuss the impact of CEF leverage hedges and whether the funds that hold them can mode...

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. We continue to add high-yield credit exposur...

The expected risk premium continued sliding in April for the Global Markets Index (GMI). Tuesday’s revision reflects a drop to a 5.4% annualized increase for the long term – a relatively large cut of 40 basis points from last month’s estimate. The forecast ref...

The expected risk premium for the Global Market Index ticked slightly higher in March to an annualized 5.8% pace, fractionally above last month’s estimate. Using short-term momentum and medium-term mean-reversion market factors (defined below) to adjust the forecast trims GMI&#...

CIK is a closed end fund focused on fixed income. With a moderate leverage of 26.2%, the fund "primarily invests in high yield fixed income securities that are in the lower ratings categories of Moody’s Investors Service". On a 5-year basis CIK has outperformed si...