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- NB Global Floating Rate interims OK
The asset values of NB Global Floating Rate Loan’s Sterling and Dollar share classes both edged up over the first half of 2015 – the Sterling NAV rose from 97.7p to 98.75p and the dollar NAV from $0.9862 to $0.9954. The total NAV returns on these two classes were 2.97% and 2.81% respectively. The shares moved from trading at premiums to trading at discounts however and so shareholders saw fairly flat returns for the period. The S&P/LSTA Leveraged Loan Index (which measures returns on US loans) gained 2.83% for the period. European loans did better – the S&P European Leveraged Loan Index (ELLI), gained 3.11%.
There was no comment from the managers in the report.
NBLU / NBLS : NB Global Floating Rate interims OK