OUTLOOK 2022

by | Jan 13, 2022 | News

Subordinated debt of Financials – Back to the Future

  • The Covid-19 pandemic can be seen as the first real stress test of the revamped European banking sector since the global financial crisis
  • We remain in a bondholder friendly regulatory paradigm
  • Capital levels are likely to decline from the record levels of 2021, but there are positives to this, particularly in terms of dividend payouts and share buybacks
  • For 2022, our focus will be on conviction issuers and bonds that could offer robust structures

Full Article available here

  • The Valuation date: November 27, 2024
    serieAsOFDateFKFundNameisinPerformanceTRMTDPerformanceTRYTDPerformanceTRSinceInception
    120,241,128GAM Sustainable Climate Bond fundIE000BSJBO140.01400.0600-0.0145
    220,241,128GAM Star Crdt Ops EUR InvIE00B50JD3540.00990.11370.6596
    320,241,128GAM Star Crdt Ops GBP InvIE00B510J1730.00800.09630.9344
    420,241,128GAM Interest Trend IncIE00BYM4P9130.00460.09430.3793
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