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 | 20,250,821 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | -0.10 | -0.0010 | 0.0237 | 2.37 | 0.0084 | 0.84 |
| 2 | 20,250,821 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | 0.03 | 0.0003 | 0.0325 | 3.25 | 0.7197 | 71.97 |
| 3 | 20,250,821 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | 0.13 | 0.0013 | 0.0458 | 4.58 | 1.0325 | 103.25 |
| 4 | 20,250,821 | GAM Star Crdt Ops USD Inv | IE00B5769310 | 0.55 | 0.0055 | 0.0544 | 5.44 | 0.9528 | 95.28 |
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