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: January 8, 2025
    serieAsOFDateFKFundNameISINMTDMTDYTDYTDSISI
    120,250,108GAM Sustainable Climate Bond fundIE000BSJBO14-0.47-0.0047-0.0047-0.47-0.0196-1.96
    220,250,108GAM Star Crdt Ops EUR InvIE00B50JD354-0.21-0.0021-0.0021-0.210.662166.21
    320,250,108GAM Star Crdt Ops GBP InvIE00B510J173-0.23-0.0023-0.0023-0.230.939193.91
    420,250,108GAM Star Crdt Ops USD InvIE00B5769310-0.05-0.0005-0.0005-0.050.851085.10
    520,250,108GAM Interest Trend IncIE00BYM4P913-476.350.00010.0001-476.350.387538.75
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