Destra Insights

April saw the Destra Credit Strategies Indicator (“CSI”) deliver an overall negative result of -0.86% on average with 12 of 18 sub-strategies declining on a total return basis for the month. This was a far cry from March, when the CSI was up a positive +1.33% on average and 17 of 18 categories were green!

Special situations credit investing is a sophisticated institutional strategy focusing on unique credit opportunities in companies facing stress, distress, restructuring, bankruptcy, or other dislocations.

As if St. Patty’s Day was not enough, there was green all over the screen in the month of March and for the first quarter of 2024.

Through the first two months of 2024, Intermediate Treasuries are off some 85bps on return and the Bloomberg US Agg index is off even more, at -1.68%. These two hallmark benchmarks represent the biggest portions of the bond investing landscape and if you only used these as a gauge you might say that fixed income investing was off to another poor year.

As we navigate the complexities of the financial landscape in 2024, the credit markets have presented us with a fascinating start, full of unexpected twists and turns. The Destra Credit Strategies Indicator has been at the forefront, meticulously tracking the pulse of 18 diverse sub-strategies in credit investing.

A comprehensive analysis of the credit market's performance over the past year. It highlights the exceptional performance of Destra's Credit Strategies Indicator (CSI), which saw all its eighteen subcategories achieving positive growth,

November was a remarkable month in the credit markets, with the Destra Credit Strategies Indicator (CSI) flashing solid green across all 18 categories.

Over the past decade, investors have looked to alternatives to diversify portfolios. Interval funds are uniquely suited to providing access to alternative investments and asset classes.

Questions about what has transpired in the banking sector in 2023? Listen to a brief Bank Update and Market Outlook interview with Eric Chadwick, CFA from Flaherty & Crumrine Incorporated.