M&G Credit Income Investment Trust Reports Strong Q2 Performance

M&G Credit Income Investment Trust plc (the "Company") released its quarterly review for Q2 2024, highlighting a notable performance. The report is accessible on the Company’s website.

In the market review, the report noted US inflation trends and evolving central bank strategies, with the Bank of England hinting at potential rate cuts. European markets were impacted by political developments, notably in France, prompting market volatility.

The Company's NAV total return for Q2 was +2.12%, outperforming various fixed income indices. Performance was driven by income accrued over the quarter.

Bond markets saw a mixed environment, with geopolitical tensions and political events influencing credit spreads. The Company made selective bond investments, leveraging opportunities in both public and private markets.

Looking ahead, the report emphasizes continued cautiousness among policymakers and potential opportunities from macroeconomic conditions supporting further gains, especially in higher-yielding private investments.