Quarterly Review

M&G Credit Income Investment Trust plc (MGCI) Quarterly Review 29-Apr-2025 / 11:54 GMT/BST

M&G CREDIT INCOME INVESTMENT TRUST PLC

 

(the “Company”)

 

LEI: 549300E9W63X1E5A3N24

 

Quarterly Review

 

The Company announces that its quarterly review as at 31 March 2025 is now available, a summary of which is provided below. The full quarterly review is available on the Company’s website at:

 

https://www.mandg.com/dam/investments/common/gb/en/documents/funds-lit ...

 

Market Review

Financial markets experienced significant turbulence and volatility in the first quarter of 2025, as investors reacted to President Trump's tariff campaign, fiscal policy shifts in Europe and a ground-breaking new Chinese AI model. Economic growth in most major economies slowed considerably, reflecting the impact of uncertain global trade policies and fluctuating market conditions, and despite moderating, inflation in major economies remained above central bank targets. The US economy experienced a deceleration, with GDP growing at an annual rate of 2.4% from October to December, down from 3.1% in the prior quarter. In the UK, GDP grew by 0.1% in the fourth quarter of 2024 after remaining stagnant in the third quarter. Companies began reporting higher prices and waning demand, echoing a number of economists’ forecasts which highlighted the growing risk of stagflation and rising odds of recession. Reflecting the spike in negative sentiment, in March US consumer confidence fell to the lowest level in four years as economic concerns and economic policy uncertainty took its toll.