Monthly Commentary – February 2023 GBP

Monthly Commentary – February 2023 GBP

 January was a strong month for risk assets. Spreads on our securities tightened and government bond rates fell during the month, therefore prices on our securities benefitted strongly. All of this was related to the expectations of a softer monetary policy from most major central banks.

Monthly Commentary – February 2023 GBP

Monthly Commentary – January 2023 GBP

 January was a strong month for risk assets. Spreads on our securities tightened and government bond rates fell during the month, therefore prices on our securities benefitted strongly. All of this was related to the expectations of a softer monetary policy from most major central banks.

Monthly Commentary – February 2023 GBP

Monthly Commentary – December 2022 GBP

Risk assets continued performing strongly in November, especially following the lower-than-expected US CPI, signalling the potential for the beginning of a Federal Reserve (Fed) pivot. Moreover, some relatively dovish comments following the European Central Bank (ECB) meeting also contributed to the positive sentiment. Subordinated debt prices benefited during the month.

Monthly Commentary – February 2023 GBP

Monthly Commentary – November 2022 GBP

Risk assets continued performing strongly in November, especially following the lower-than-expected US CPI, signalling the potential for the beginning of a Federal Reserve (Fed) pivot. Moreover, some relatively dovish comments following the European Central Bank (ECB) meeting also contributed to the positive sentiment. Subordinated debt prices benefited during the month.

Monthly Commentary – February 2023 GBP

Monthly Commentary – October 2022 GBP

October was a better month for risk assets, notably subordinated debt which performed strongly. Softening gas and energy prices, coupled with the latest developments in the UK, as well as a more dovish tone by the European Central Bank (ECB) all helped the sentiment at the end of the month.

  • The Valuation date: November 19, 2024
    serieAsOFDateFKFund NameISINMTDYTDSIMTDYTDSI
    120,241,119GAM Sustainable Climate Bond fundIE000BSJBO140.00780.0536-0.02050.785.36-2.05
    220,241,119GAM Star Crdt Ops EUR InvIE00B50JD3540.00660.11010.65420.6611.0165.42
    320,241,119GAM Star Crdt Ops GBP InvIE00B510J1730.00500.09310.92870.509.3192.87
    420,241,119GAM Star Crdt Ops USD InvIE00B57693100.00230.09340.84360.239.3484.36
    520,241,119GAM Interest Trend IncIE00BYM4P9130.00340.09300.37760.349.3037.76

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