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Credit Funds Lay Low and Even Prosper in a Tough First Quarter

The strategy managed to navigate rising rates, tumbling stocks, and the Russian invasion of Ukraine.

Fresh off their best year in about a decade, credit funds were mostly flat or barely in the black in the first quarter.But given the economic environment, things could have been worse. Interest rates were surging, spreads were widening due in part to the Ukraine invasion, and the stock market

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