by Atlanti | Jul 13, 2022 | Analysis & Performance, GBP, News
July was a stronger month for both risk assets and subordinated debt. However, this is only a small rebound versus the moves we have seen year-to-date. Spreads remain wide and attractive, in our view.
by Atlanti | Jun 21, 2022 | Analysis & Performance, GBP, News
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...
by Atlanti | May 24, 2022 | Analysis & Performance, GBP, News
As has been the case for most of this year, April was a weak month. Spreads on subordinated debt of financials widened significantly. This was partially due to concerns on inflation, which could lead central banks to tighten more aggressively than anticipated....
by Atlanti | Apr 21, 2022 | Analysis & Performance, 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...
by wp-admin | Apr 21, 2022 | Analysis & Performance, 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...
by wp-admin | Apr 21, 2022 | Analysis & Performance, 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...