CIPAM Credit Income Fund upgraded

By Penny Pryor

CIP Asset Management's Credit Income Fund - Class A has been upgraded to Highly Recommended by Lonsec.

The fund invests in floating rate, multi-sector mostly investment grade credit opportunities. It invests in both public and private debt markets, a factor which was highlighted by Lonsec in its latest review of the fund. Lonsec also said CIPAM had a "well structured approach to the collection and use of ESG specific data."

"The opportunities targeted by the Credit Income Fund have historically been the domain of institutional investors and it's great we can make them available to retail investors, especially when quality income is so hard to find," CIPAM fixed income team's head of investment strategy, Pete Robinson, said.