August was a month of two halves. The month began strongly, and this strength was extended following the lower-than-expected US CPI data. During the second part of August, we saw prices of risk assets fall.
July was a stronger month for both risk assets and subordinated debt. However, this is only a small rebound versus the moves we have seen year-to-date. Spreads remain wide and attractive, in our view.
July was a stronger month for both risk assets and subordinated debt. However, this is only a small rebound versus the moves we have seen year-to-date. Spreads remain wide and attractive, in our view.
| serie | AsOFDateFK | FundName | ISIN | MTD | MTD | YTD | YTD | SI | SI |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 20,251,118 | GAM Sustainable Climate Bond fund | IE000BSJBO14 | -0.47 | -0.0047 | 0.0320 | 3.20 | 0.0166 | 1.66 |
| 2 | 20,251,118 | GAM Star Crdt Ops EUR Inv | IE00B50JD354 | -0.41 | -0.0041 | 0.0376 | 3.76 | 0.7282 | 72.82 |
| 3 | 20,251,118 | GAM Star Crdt Ops GBP Inv | IE00B510J173 | -0.19 | -0.0019 | 0.0561 | 5.61 | 1.0525 | 105.25 |
| 4 | 20,251,118 | GAM Star Crdt Ops USD Inv | IE00B5769310 | -509.93 | 0.0000 | 0.0669 | 6.69 | 0.9760 | 97.60 |
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