Monthly Commentary Mid-March 2.0

by | Mar 25, 2020 | News

Given the extraordinary market conditions that are currently taking place, we wanted to provide you with our latest thoughts regarding fund performance.

GAM Star Credit Opportunities (EUR – GBP – USD)

While prices of subordinated debt remained under pressure up to 18 March, market sentiment somewhat improved as the European Central Bank (ECB) announced a EUR 750 billion Pandemic Emergency Purchase Programme (PEPP) on 19 March, which will most likely be remembered as Christine Lagarde’s “whatever it takes” moment. This has removed a significant amount of tail risk.

  • The Valuation date: November 18, 2024
    serieAsOFDateFKFund NameISINMTDYTDSIMTDYTDSI
    120,241,118GAM Sustainable Climate Bond fundIE000BSJBO140.00770.0534-0.02070.775.34-2.07
    220,241,118GAM Star Crdt Ops EUR InvIE00B50JD3540.00670.11020.65440.6711.0265.44
    320,241,118GAM Star Crdt Ops GBP InvIE00B510J1730.00510.09320.92880.519.3292.88
    420,241,118GAM Star Crdt Ops USD InvIE00B57693100.00230.09340.84350.239.3484.35
    520,241,118GAM Interest Trend IncIE00BYM4P9130.00390.09350.37830.399.3537.83

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