CIK

Credit Suisse Asset Management Income Fund
CIK

$3

0.17%

Market Cap: 160M

About: Credit Suisse Asset Mgmt Income Fund Inc is a closed-end management investment company. The investment objective of the fund is to provide current income consistent with the preservation of capital. Credit Suisse serves as an investment adviser for the fund. Asset Management offers a wide range of investment products and functions across asset classes and investment styles. The division manages various regional portfolios, mutual funds, and other investment vehicles for governments, institutions, corporations, and individuals.

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Funds holding %

of 6,702 funds

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Analysts bullish %

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News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

0.15% less ownership

Funds ownership: 7.6% [Q4 2023] → 7.45% (-0.15%) [Q1 2024]

8% less capital invested

Capital invested by funds: $12.5M [Q4 2023] → $11.6M (-$944K) [Q1 2024]

16% less funds holding

Funds holding: 49 [Q4 2023] → 41 (-8) [Q1 2024]

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

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Research analyst outlook

We haven’t received any recent analyst ratings for CIK.

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Financial journalist opinion

CIK: A Good 9.17% Yielding Junk Bond Fund, But It Is Not Cheap

The Credit Suisse Asset Management Income Fund, Inc. offers a 9.17% yield, competitive with peers in the sector. The CIK closed-end fund's recent performance has been weaker than domestic investment-grade and junk bonds, but its distribution resulted in a better total return. The fund appears to have slightly reduced the portfolio's credit risk during the first half of 2024, which is probably due to analysts expecting an increase in defaults.

CIK: A Good 9.17% Yielding Junk Bond Fund, But It Is Not Cheap

CIK: This High Yield CEF Is Now Too Expensive

Credit Suisse Asset Management Income Fund (CIK) has a large allocation to CCC-rated bonds and 27% leverage ratio, making it a risk-on vehicle. CIK is currently trading at a 3.69% premium to net asset value, which is considered overextended versus its historic pattern.

CIK: This High Yield CEF Is Now Too Expensive

CEF Weekly Review: CEF Fees Remain Full Of Pitfalls

We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest-rate sensitive equity sectors seeing lower NAVs due to back-up in Treasury yields. CEF fees are full of pitfalls; however, getting a clear picture of fees can allow investors go generate alpha in CEF allocation.

CEF Weekly Review: CEF Fees Remain Full Of Pitfalls

CIK: Shares Of This Junk Bond CEF Are Trading At An Unjustifiable Price

The Credit Suisse Asset Management Income Fund has a yield of 8.71%, lower than some other funds investing in fixed-income securities. The fund's share price has increased by 19.69% since October 9, outperforming major bond indices. The fund's distribution yield is 8.71%, but it failed to fully cover its distributions with net investment income, relying on unrealized gains to make up the difference.

CIK: Shares Of This Junk Bond CEF Are Trading At An Unjustifiable Price

CEF Weekly Review: CEF Launch Date Doesn't Matter (For Income)

We review CEF market valuation and performance through the second week of November and highlight recent market action. Most CEF sectors struggled during the week, with only Muni sectors finishing in the green due to a reversal in Treasury yields. There is a misconception that the launch date of a fund gives it a locked-in yield position, but this is not true.

CEF Weekly Review: CEF Launch Date Doesn't Matter (For Income)

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