Inflation is High, Interest Rates are Very Low, and You Need Income

There was a time when investors who needed income played it safe by purchasing bonds with attractive yields that were rated investment-grade for credit quality. But that style of income investing hasn’t worked for some time — bond yields are too low. First Eagle Credit Opportunities Fund, the firm’s first interval fund, lets individual investors participate in a private lending market typically reserved for institutions. In this article, we discuss the fund’s structure and investment style.