AT1 CoCos of Strong European Banks

by | Jan 19, 2020 | News

AT1 CoCos of strong European banks offer an attractive pick-up and a good risk-reward because intense regulation over the past years meaningfully de-risked European banks, which now hold more and better capital and are ultimately better equipped to handle an eventual crisis. We see the main risks to CoCo investors, loss absorption and coupon deferability, as remote given higher capital and excess liquidity will remain as the top priorities at European Banks.

  • The Valuation date: May 15, 2025
    serieAsOFDateFKFundNameISINMTDMTDYTDYTDSISI
    120,250,515GAM Sustainable Climate Bond fundIE000BSJBO14-494.670.00000.00890.89-0.0062-0.62
    220,250,515GAM Star Crdt Ops EUR InvIE00B50JD3540.510.00510.01431.430.689468.94
    320,250,515GAM Star Crdt Ops GBP InvIE00B510J1730.470.00470.02162.160.985498.54
    420,250,515GAM Star Crdt Ops USD InvIE00B57693100.440.00440.02562.560.899589.95
    520,250,515GAM Interest Trend IncIE00BYM4P9131.050.0105-0.2727-27.270.00900.90
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