2019 ended on a positive note for Ucits; just 10% of those in our database returned negative figures for December. CIFC’s Global Floating Rate Credit Fund topped the table at 2.45%. Mike Carroll, executive director at the firm, told us: “We went into Q4 with a short duration portfolio which had a higher than average cash balance in anticipation of a potential market dislocation”. This paid off and allowed the fund to be selective throughout the Q4 dislocation.