Credit

Strategy Research, 01 Sep 2022

Index Research Funds

AH Credit UCITS Index

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2022 -0.6 -0.9 0.0 -1.1 -0.5 -2.3 1.0 0.1 -4.3
2021 0.3 0.4 -0.1 0.4 0.1 0.2 -0.1 0.2 0.0 -0.2 -0.5 0.3 1.0
2020 0.3 -0.1 -5.3 1.9 1.5 1.5 1.3 0.8 -0.1 0.1 2.1 0.9 4.8
2019 1.2 0.4 0.2 0.5 -0.3 1.0 0.3 -0.3 0.3 0.4 0.0 0.7 4.5
2018 0.6 -0.3 -0.5 0.0 -0.7 -0.2 0.3 -0.3 0.1 -0.6 -0.7 -0.4 -2.7
2017 0.4 0.3 0.0 0.2 0.1 0.1 0.3 0.0 -0.1 0.3 -0.1 0.0 1.5
2016 -0.7 -0.3 0.7 0.8 0.1 0.1 0.8 0.5 0.1 0.5 -0.5 0.6 2.6
2015 0.3 0.6 0.1 0.4 0.1 -0.6 -0.2 -0.5 -0.7 0.3 -0.3 -0.8 -1.2
2014 0.3 0.7 0.2 0.3 0.3 0.2 -0.2 0.0 -0.3 -0.3 0.0 -0.6 0.6
2013 0.7 0.2 0.0 0.6 0.3 -0.8 0.6 0.1 0.5 0.8 0.1 0.3 3.4
2012 1.2 1.1 0.1 -0.2 -0.1 0.5 0.6 0.5 0.5 0.6 0.4 0.6 6.0
2011 0.4 0.5 0.4 0.2 0.2 -0.3 0.0 -1.3 -1.4 1.1 -0.6 0.3 -0.5
2010 0.7 0.4 1.9 0.6 -1.5 -0.1 1.3 0.4 0.7 0.4 -0.3 0.4 4.8
Download Index Return Series

Top Funds YTD

YTD
Pareturn Gladwyne Absolute Credit 12.7
Jupiter Strategic Absolute Return Bond Fund 5.4
Lumyna - BlueCove Alternative Credit UCITS... 3.4
Fixed Income Allocator UCITS 2.9
Securis Catastrophe Bond Fund 1.9
Man GLG Convertible Arbitrage Alternative 1.8
Ardea Global Alpha Fund 1.5
Pictet TR Sirius 1.5
BNY Mellon Absolute Return Bond 1.4
GAM Star Cat Bond 1.3

Bottom Funds YTD

YTD
HSBC GIF GEM Debt Total Return -21.2
Boussard & Gavaudan Convertible -20.5
Alma Platinum IV Selwood Market Neutral Cr... -19.3
Lazard Emerging Markets Total Return Debt -18.3
Vontobel Absolute Return Bond -18.2
Legg Mason Brandywine Global Income Optimi... -14.1
Federated Hermes Unconstrained Credit Fund -13.8
Schroder ISF EURO Credit Absolute Return -12.4
Federated Hermes Multi-Strategy Credit Fund -11.1
Aviva Investors Global Convertibles Absolu... -11.0

Largest New Launches (12M)

AUM
Variety CKC Credit Opportunity Fund £38m
Lazard Coherence Credit Alternative Fund £10m

Strategy AUM

30 June 2022
£37.8b -4% YOY

Largest Credit Funds

AUM
BlackRock Strategic Funds Fixed ... £3.5b
GAM Star Cat Bond £2.1b
Royal London Absolute Return Gov... £1.9b
Schroder GAIA Cat Bond £1.9b
Lazard Rathmore Alternative Fund £1.6b

Largest Inflows (Q2'22 - Q2'21)

Change AUM
Lazard Rathmore Alternative Fund £713m £1.6b
Royal London Absolute Return Gov... £549m £1.9b
GAM Star Cat Bond £527m £2.1b
Twelve Cat Bond Fund £472m £1.6b
Lyxor Chenavari Credit Strategy £427m £729m

Largest Outflows (Q2'22 - Q2'21)

Change AUM
BlackRock Strategic Funds Fixed ... £-1,213m £3.5b
PIMCO GIS Mortgage Opportunities £-672m £1.4b
Candriam Bonds Credit Opportunities £-532m £817m
Janus Henderson Horizon Total Re... £-349m £289m
Threadneedle (LUX) Credit Opport... £-339m £646m

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Close Current Site Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.