News & Articles

Romain Miginiac examines the European Banking Sector in the context of the Ukraine crises and the the specific impact of exposure to Russian contreparties.

As in January, February was a risk-off month. Initially, we saw some volatility linked to inflation, as well as central bank rhetoric regarding quantitative tightening and rising interest rates. On top of that, volatility continued to increase due to t …

 As in January, February was a risk-off month. Initially, we saw some volatility linked to inflation, as well as central bank rhetoric regarding quantitative tightening and rising interest rates. On top of that, volatility continued to increase due to …

Monthly review and performance Markets were weak in February as geopolitical tensions rose significantly following the Russian invasion of Ukraine. Monetary policy remained in focus with rates up on the month (10-year German Bund +12 bps) against a bac …

As in January, February was a risk-off month. Initially, we saw some volatility linked to inflation, as well as central bank rhetoric regarding quantitative tightening and rising interest rates. On top of that, volatility continued to increase due to t …

Article published in Trustnet – GAM Star Credit Opportunities delivered the highest total return over the 10 years of the six funds on the list, at 147.2%. The fund seeks to generate a steady and high income from the bonds of quality companies, focusing on subordinated debt to capture higher yields.

Atlanticomnium (Atlanti), the Geneva and London fund management and wealth management firm, has appointed Ms Karina Robinson as a Non-Executive Director.

One area where it has been easy to be wrong, is the path of non-performing loans in the European banking system. Against a backdrop of a global pandemic, NPLs have stubbornly continued their downtrend to reach a historic low of 2.1% (EBA number as of Q3 2021).

Monthly review and performance January was an overall risk-off month for credit, following overall weak sentiment across risk assets. EUR investment grade (IG) spreads widened fairly consistently throughout the month, ending the month 10 bps wider. Exp …

Spreads of the securities held within our portfolio tightened in December. We saw government bond rates rise slightly in December, as concerns linked to Central Bank tightening and inflation remained. This occurred despite the increase in Covid-19 case …

January was a risk-off month. We saw volatility increase and equity markets fall, most notably within the US growth stocks. Credit markets and subordinated debt were not immune to this weakness as we saw spreads widening. Global government interest rat …

January was a risk-off month. We saw volatility increase and equity markets fall, most notably within the US growth stocks. Credit markets and subordinated debt were not immune to this weakness as we saw spreads widening. Global government interest rat …

Going into 2022, there are concerns regarding inflation, as well as tapering and interest rates rising. We are very well positioned for a period of rising interest rates, as we have already demonstrated in the past, as well as in 2021. The fund perform …

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 f …

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 f …

The fund’s NAV decreased by 0.43% over the quarter, versus the Bloomberg GBP Aggregate Corporate Total Return Index, which increased by 0.58%. This takes the full year performance to + 4.3% versus the Index which declined 3.3% in 2021. Performance of f …

The fund’s NAV decreased by 0.69% over the quarter, versus the Bloomberg EUR Aggregate Corporate Total Return Index, which decreased by 0.66%. Performance of fund for the periodThere are two important sources of return for the fund. The first, which is …

 GAM Star Fund plc – GAM Sustainable Climate Bond Marketing material for professional / institutional / accredited investors The fund’s NAV decreased by 1.07% during the quarter.  Performance of fund for the period The fund’s performance during the qua …

The fund is positioned to capture a more attractive spread/yield compared to the benchmark, while maintaining a conservative portfolio. The current spread (OAS to government bonds) of 150 bps and average rating of BBB+ compares very favourably to green …

MARKET BACKDROP  The fourth quarter of 2021 was fairly weak, with wider spreads across the board. Weakness was driven by concerns around surging inflation, more hawkish central banks and the Omicron variant. While spreads on the Euro Investment Grade i …