April was a very volatile month following President Trump’s ‘Liberation Day’ tariff announcements. Global equity markets, government bonds and foreign exchange were significantly affected by these announcements.
Sentiment was weaker in April, with spreads on EUR investment grade (IG) corporates ending the month 14 basis points (bps) wider, after having widened more than 30 bps earlier. April was a very volatile month following Trump’s ‘Liberation Day’ tariffs announcements, which had a significant impact on global equity markets, government bonds and foreign exchange.
Sentiment was weaker in March, with spreads on EUR investment grade (IG) corporates 7 basis points (bps) wider on the month. Sentiment was firm initially on the back of German and EU fiscal stimulus news, leading to spreads touching 85 bps.
Sentiment was weaker in March, as the trade war continued to be in focus with markets awaiting the 2 April tariff announcements. Equity markets, particularly in the US, were significantly affected by the potential tariffs. This was less the case for the bond market, although credit spreads did widen during the month.
Sentiment was weaker in March, as the trade war continued to be in focus with markets awaiting the 2 April tariff announcements. Equity markets, particularly in the US, were significantly affected by the potential tariffs. This was less the case for the bond market, although credit spreads did widen during the month.
Sentiment was weaker in March, as the trade war continued to be in focus with markets awaiting the 2 April tariff announcements. Equity markets, particularly in the US, were significantly affected by the potential tariffs. This was less the case for the bond market, although credit spreads did widen during the month.
Sentiment was mixed in February as spreads on EUR investment grade (IG) corporates ended the month flat. February started on decent footing, as spreads touched lows of 87 basis points (bps), levels not seen since summer 2021.
Sentiment was mixed in February, as credit spreads in general finished the month at relatively similar levels. Following the postponement of the Canada and Mexico tariffs proposed by President Trump, spreads tightened during the first part of the month. However, spreads subsequently widened as geopolitical tensions, notably related to tariffs, weighed on markets.
Sentiment was mixed in February, as credit spreads in general finished the month at relatively similar levels. Following the postponement of the Canada and Mexico tariffs proposed by President Trump, spreads tightened during the first part of the month. However, spreads subsequently widened as geopolitical tensions, notably related to tariffs, weighed on markets.
Sentiment was mixed in February, as credit spreads in general finished the month at relatively similar levels. Following the postponement of the Canada and Mexico tariffs proposed by President Trump, spreads tightened during the first part of the month. However, spreads subsequently widened as geopolitical tensions, notably related to tariffs, weighed on markets.
| serie | AsOFDateFK | FundName | ISIN | MTD | MTD | YTD | YTD | SI | SI |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 20,251,009 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | 0.24 | 0.0024 | 0.0325 | 3.25 | 0.0171 | 1.71 |
| 2 | 20,251,009 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | 0.18 | 0.0018 | 0.0388 | 3.88 | 0.7301 | 73.01 |
| 3 | 20,251,009 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | 0.09 | 0.0009 | 0.0520 | 5.20 | 1.0446 | 104.46 |
| 4 | 20,251,009 | GAM Star Crdt Ops USD Inv | IE00B5769310 | 0.11 | 0.0011 | 0.0639 | 6.39 | 0.9704 | 97.04 |
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