Welcome to our dedicated page for Angel Oak Strategic Credit Fund news (Ticker: ASCIX), a resource for investors and traders seeking the latest updates and insights on Angel Oak Strategic Credit Fund stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Angel Oak Strategic Credit Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Angel Oak Strategic Credit Fund's position in the market.
Angel Oak Capital Advisors announced that its Angel Oak Strategic Credit Fund (ASCIX) has surpassed $100 million in assets under management. The interval fund, which invests primarily in non-agency residential mortgage-backed securities and other asset-backed securities, has delivered compelling risk-adjusted returns over its six-year lifespan. The fund's strategy includes a distinct overweight to strategic credit assets, offering diversification not typically found in traditional fixed-income funds.
As of June 30, 2024, ASCIX reported a year-to-date return of 6.38% and a 1-year return of 12.93%, outperforming the Bloomberg U.S. Aggregate Bond Index. The interval fund structure has proven advantageous during economic fluctuations, allowing the fund to invest in higher-yielding positions while managing liquidity and redemption risks.
