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$1.87 nb global corporate income trust

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tim85

14 Posts.

03/12/18

15:06

Post #: 36731399
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Originally posted by cnh001tractor: ↑

With the recent volatility in markets I have thought to see about some diversification. To this I have come across NB Global Corporate Income Trust (ASX: NBI) which listed at the end of September 2018.

From some of the material I have seen - “The NB GCIT is a listed investment trust (LIT) designed to provide investors with access or exposure to the global high-yield bond market”. It has a target yield of 5.25%

My question, the listing is today trading at $2.01 and has an Net Tangible Asset of $1.95. Is this typical of a Listed Investment Trust to trade at a premium to it’s NTA. My concern is that whilst the underlying assets perform as bonds the LIT trades as an equity, therefore it is not possible to accurately assess it positioning as a “Fixed Income Asset”.

How should this be positioned in a portfolio?

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Do you mean, as in what percentage of your portfolio should be allocated to this stock? I can't answer that, but for me i have allocated about 15% to this stock purely for a safe income play so i get monthly dividends. During the IPO period their main point was they would keep the NTA at $2. Hence why i am watching the NTA closely.

NBI Price at posting: $2.01 Sentiment: Hold Disclosure: Held
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