Monthly Commentary – June 2022 GBP

Monthly Commentary – May 2022 GBP

May was volatile, although sentiment started turning slightly more positive at the end of the month. Spreads on subordinated debt of financials remain extremely wide. A number of our holdings have spreads well above 450 bps. Concerns regarding inflation remain and...
Performance – Q1 2022 GBP

Performance – Q1 2022 GBP

There was a lot of volatility and market weakness during the 1st quarter of 2022. The risk-off environment was first of all related to the volatility in interest rates due to more persistent and stronger inflation numbers, which have led Central Banks to become...
Positioning – Q1 2022 GBP

Positioning – Q1 2022 GBP

The fund invests predominantly in investment grade issuers; however, we are prepared to go down a company’s capital structure to find the best combination of yield, value and capital preservation. One feature of the fund is the substantial holding in financials, at...
Outlook – Q1 2022 GBP

Outlook – Q1 2022 GBP

There are number of concerns regarding inflation, Central Banks, quantitative tightening and geopolitical risks, notably the War in Ukraine. Despite that, we feel spreads on subordinated of financials are extremely attractive at more than 400 bps. Moreover, from a...
  • The Valuation date: April 24, 2024
    serieAsOFDateFKFund NameISINMTDYTDSIMTDYTDSI
    120,240,422GAM Sustainable Climate Bond fundIE000BSJBO14-0.00570.0073-0.0636-0.570.73-6.36
    220,240,422GAM Star Crdt Ops EUR InvIE00B50JD354-0.00380.04810.5617-0.384.8156.17
    320,240,422GAM Star Crdt Ops GBP InvIE00B510J173-0.00230.03610.8281-0.233.6182.81
    420,240,422GAM Star Crdt Ops USD InvIE00B5769310-0.00370.03160.7394-0.373.1673.94
    520,240,422GAM Interest Trend IncIE00BYM4P913-0.00810.02730.2948-0.812.7329.48

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