Sentiment was strong in January, with spreads on EUR investment grade (IG) corporates 12 basis points (bps) tighter. Demand for credit remains a key driver of spread performance, as inflows into IG credit remained strong, easily absorbing the high issuance in the first half of the month.
Subordinated debt markets were strong in January despite volatility in interest rates. Strong US employment numbers initially put pressure on interest rates.
Subordinated debt markets were strong in January despite volatility in interest rates. Strong US employment numbers initially put pressure on interest rates.
Subordinated debt markets were strong in January despite volatility in interest rates. Strong US employment numbers initially put pressure on interest rates.
The tone was particularly strong in the first half of the month, as spreads briefly broke through 100 bps (setting lows of 98 bps) before drifting wider.
Subordinated debt markets were fairly strong in December, despite a large rise in interest rates on both sides of the pond.
| serie | AsOFDateFK | FundName | ISIN | MTD | MTD | YTD | YTD | SI | SI |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 20,251,125 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | -0.22 | -0.0022 | 0.0346 | 3.46 | 0.0191 | 1.91 |
| 2 | 20,251,125 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | -0.23 | -0.0023 | 0.0395 | 3.95 | 0.7313 | 73.13 |
| 3 | 20,251,125 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | -475.84 | 0.0001 | 0.0582 | 5.82 | 1.0566 | 105.66 |
| 4 | 20,251,125 | GAM Star Crdt Ops USD Inv | IE00B5769310 | 0.30 | 0.0030 | 0.0702 | 7.02 | 0.9821 | 98.21 |
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