Sentiment improved significantly in July, with the second half of 2022 starting on a strong footing. Spreads on EUR investment grade (IG) corporates tightened by around 30 bps over the month to around 190 bps, reversing a quarter of the first half’s widening.
Negative sentiment was persistent during June. Spreads on EUR investment grade (IG) corporates widened by a further 56 bps during the month – bringing total widening to 120 bps since the beginning of the year, with EUR IG spreads now sitting close to 220 bps.
| serie | AsOFDateFK | FundName | ISIN | MTD | MTD | YTD | YTD | SI | SI |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 20,250,729 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | 0.49 | 0.0049 | 0.0244 | 2.44 | 0.0091 | 0.91 |
| 2 | 20,250,729 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | 0.64 | 0.0064 | 0.0318 | 3.18 | 0.7186 | 71.86 |
| 3 | 20,250,729 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | 0.62 | 0.0062 | 0.0431 | 4.31 | 1.0273 | 102.73 |
| 4 | 20,250,729 | GAM Star Crdt Ops USD Inv | IE00B5769310 | 0.69 | 0.0069 | 0.0490 | 4.90 | 0.9427 | 94.27 |
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