In October the fund showed resilience during a weak month for fixed income, as interest rates were rising. This was notably the case in the US, where strong economic data, combined with the fixed income market pricing in a Donald Trump win, meant that interest rates, as measured by the 10-year US Treasury bond yield, moved up by circa 50 basis points (bps).
In October the fund showed resilience during a weak month for fixed income, as interest rates were rising. This was notably the case in the US, where strong economic data, combined with the fixed income market pricing in a Donald Trump win, meant that interest rates, as measured by the 10-year US Treasury bond yield, moved up by circa 50 basis points (bps).
Credit spreads on EUR investment grade (IG) corporates were broadly unchanged in September at 116 basis points (bps).
September was a positive month for fixed income, as we saw the Federal Reserve cut interest rates by 50 basis points (bps) and the European Central Bank cut by 25 bps.
September was a positive month for fixed income, as we saw the Federal Reserve cut interest rates by 50 basis points (bps) and the European Central Bank cut by 25 bps.
| serie | AsOFDateFK | FundName | ISIN | MTD | MTD | YTD | YTD | SI | SI |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 20,251,110 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | -0.21 | -0.0021 | 0.0347 | 3.47 | 0.0192 | 1.92 |
| 2 | 20,251,110 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | -0.16 | -0.0016 | 0.0401 | 4.01 | 0.7324 | 73.24 |
| 3 | 20,251,110 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | -0.08 | -0.0008 | 0.0573 | 5.73 | 1.0548 | 105.48 |
| 4 | 20,251,110 | GAM Star Crdt Ops USD Inv | IE00B5769310 | 0.02 | 0.0002 | 0.0672 | 6.72 | 0.9765 | 97.65 |
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