Sentiment was mixed in February, as credit spreads in general finished the month at relatively similar levels. Following the postponement of the Canada and Mexico tariffs proposed by President Trump, spreads tightened during the first part of the month. However, spreads subsequently widened as geopolitical tensions, notably related to tariffs, weighed on markets.
Sentiment was mixed in February, as credit spreads in general finished the month at relatively similar levels. Following the postponement of the Canada and Mexico tariffs proposed by President Trump, spreads tightened during the first part of the month. However, spreads subsequently widened as geopolitical tensions, notably related to tariffs, weighed on markets.
Sentiment was strong in January, with spreads on EUR investment grade (IG) corporates 12 basis points (bps) tighter. Demand for credit remains a key driver of spread performance, as inflows into IG credit remained strong, easily absorbing the high issuance in the first half of the month.
Subordinated debt markets were strong in January despite volatility in interest rates. Strong US employment numbers initially put pressure on interest rates.
Subordinated debt markets were strong in January despite volatility in interest rates. Strong US employment numbers initially put pressure on interest rates.
| serie | AsOFDateFK | FundName | ISIN | MTD | MTD | YTD | YTD | SI | SI |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 20,251,117 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | -0.39 | -0.0039 | 0.0329 | 3.29 | 0.0174 | 1.74 |
| 2 | 20,251,117 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | -0.32 | -0.0032 | 0.0386 | 3.86 | 0.7298 | 72.98 |
| 3 | 20,251,117 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | -0.12 | -0.0012 | 0.0568 | 5.68 | 1.0539 | 105.39 |
| 4 | 20,251,117 | GAM Star Crdt Ops USD Inv | IE00B5769310 | 0.01 | 0.0001 | 0.0671 | 6.71 | 0.9763 | 97.63 |
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