Credit Funds Canyon, Contrarian, BlueCrest Gain In NovemberVW Staff
While stocks have rode the bull market through most of this year, investment in credit instruments has not paid equally well. It goes without saying that the Fed's decision to taper will not be kind to bond yields and to those who invest in them. Compared to the 29% gain on the S&P 500 up to the end of November, the Credit Suisse Leverage Loan Index gained only 5.59% whereas Barclays U.S Corporate High Yield Index has returned 6.87% over the same period. Hedge funds who trade loans and bonds have not done any better: HFRX Fixed Income - Credit Index has gained only 6.39% YTD after a nearly flat November.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible