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: September Monthly Commentary
2 minutes read timeIn September, the Pacific Coolabah Global Active Credit Strategy (PCGA) returned +1.41% compared to the Bloomberg Global Aggregate Corporate Index which returned +1.17%.
Global Active Credit: August Monthly Commentary
2 minutes read timeIn August, the PCGA Strategy returned +0.60% compared to the benchmark Bloomberg Global Aggregate Corporate Index, which returned +0.75%.
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: April Monthly Commentary
2 minutes read timeDuring the turbulent April, the PCGA Strategy returned -0.10% compared to the benchmark Bloomberg Global Aggregate Corporate Index which returned +0.36%.
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.
Pacific Coolabah Global Active Credit Video
2 minutes read timeMatthew Lamb, CEO of Pacific was joined by Chris Joy and Fionn O’Leary, portfolio managers at Coolabah Capital Investments and managers of the Pacific Coolabah Global Active Credit Fund for an update on the strategy and credit markets.