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Avenue Income Credit Strategies Fund (ACP) [hlAlert]

Rating:
Buy ACP
down 18.35 %

Avenue Income Credit Strategies (ACP) rated Buy with price target $91 by Deutsche Bank

Posted on: Tuesday,  Sep 20, 2011  8:25 AM ET by Deutsche Bank

Deutsche Bank rated Buy Avenue Income Credit Strategies Fund (NYSE: ACP) on 09/20/2011, when the stock price was $16.02.
Since then, Avenue Income Credit Strategies Fund has lost 18.35% as of 08/28/2015's recent price of $13.08.
If you would have followed this Deutsche Bank's recommendation on ACP, you would have lost 18.35% of your investment in 1438 days.

Avenue Income Credit Strategies Fund (the Fund) is a non-diversified, closed-end investment company. The Fund's investment objective is to seek a high level of current income with a secondary objective of capital appreciation. It invests primarily in loan and debt instruments, such as loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments of issuers that operate in a range of industries and geographic regions. The Fund seeks to invest in derivative instruments, such as structured products, swaps, futures contracts, forward contracts and options, including options on swaps, futures contracts and foreign currencies. The Fund invests at least 80% of its managed assets in senior loans, structured products, swaps and other derivative instruments, and foreign currencies and foreign currency derivatives. The Fund's investment adviser is Avenue Capital Management II, L.P.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/20/2011 8:25 AM Buy
None
16.02 91.00
as of 12/30/2011
1 Week up  0.98 %
1 Month up  1.78 %
3 Months down  -0.70 %
1 YTD down  -3.93 %

(*) Stock Price at the time of the recommendation.
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