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CQS New City HighYld (NCYF)

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Tuesday 17 May, 2022

CQS New City HighYld

Research from QuotedData

RNS Number : 8100L
CQS New City High Yield Fund Ltd
17 May 2022

CQS New City High Yield Fund - Research from QuotedData


17 May 2022


Interest rate rises maybe too little, too late


Ian Francis, the manager of CQS New City High Yield Fund (NCYF), has observed the marked shifts in central banks' policy towards raising interest rates this year. He feels that, while recent rises are a move in the right direction, central banks' caution - driven by concerns regarding the fragility of the global economy and the risk of repeating previous policy mistakes of tightening monetary policy into a slowdown - is leading to a very serious risk of inflation taking hold.


He thinks inflation could become embedded at a potentially unsustainable level and that the UK economy is more vulnerable than those of Europe and the US. Reflecting this, financials and real assets account for a large part of NCYF's portfolio. Ian has also been adding to NCYF's overseas exposure at the margin and has been gradually edging up the portfolio's exposure to equities.


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NB: Marten & Co was paid to produce this note on CQS New City High Yield Fund Limited and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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