Category: Coolabah Global Active Credit

Global Active Credit: November Monthly Commentary

2 minutes read timeMany market indices showed limited month-on-month movement; however, this masked significant intra-month volatility across numerous markets. The S&P 500 ended the month up 0.25%, despite having been down more than 4.5% at its intra-month low, or 5.75% off its 29th October local peak.

Global Active Credit: October Monthly Commentary

2 minutes read timeOctober saw strong equity market performance globally, accompanied by a rally in global risk-free rates. The S&P 500 gained 2.3%, while the Nasdaq rose 4.8%. In Europe, major indices also finished higher, with the Eurostox 50 up 2.5% and the FTSE100 advancing 4.1%. Gold ended the month up 3.7% at $4,000, though this remained about 10% below intra-month highs of $4,400. Equity gains were led by technology stocks, with the tech component of the S&P 500 up 6.2% for the month.

Global Active Credit: July Monthly Commentary

2 minutes read timeIn July, the PCGA USD share class outperformed its benchmark, the Bloomberg Global Aggregate Corporate Index, by 0.39% net of fees. The GBP share class delivered similar outperformance of 0.42% versus the GBP-hedged Bloomberg index.

Global Active Credit: June Monthly Commentary

2 minutes read timeIn May, the PCGA USD share class delivered outperformance of +0.74% over its benchmark Bloomberg Global Aggregate Corporate Index’s 0.21% return. The GBP share class delivered similar outperformance of +0.72% compared to the respective GBP-hedged index.

Global Active Credit: May Monthly Commentary

2 minutes read timeIn May, the PCGA USD share class delivered outperformance of +0.74% over its benchmark Bloomberg Global Aggregate Corporate Index’s 0.21% return. The GBP share class delivered similar outperformance of +0.72% compared to the respective GBP-hedged index.

Global Active Credit: March Monthly Commentary

2 minutes read timeIn March, the Pacific Coolabah Global Active Credit (PCGA) USD share class returned -0.49% compared to the benchmark Bloomberg Global Aggregate Corporate Index’s -0.42%. The GBP share class returned a similar -0.50% compared to the respective GBP-hedged index return of -0.39%.

Global Active Credit: February Monthly Commentary

2 minutes read timeThe fund’s absolute performance in February was driven by a rally in US bond yields with the 7-year US Treasury (having a similar duration to the index) decreasing by 33bps.