Investment Strategies

What's New In Investments, Funds? - GAM, ABN AMRO

Editorial Staff 20 November 2019

What's New In Investments, Funds? - GAM, ABN AMRO

The latest in fund developments from across Europe.

Zurich-listed wealth management firm GAM Holdings has launched a fixed income strategy, re-focusing an existing emerging markets corporate bond offering as part of the process.

The GAM Asian Income Bond strategy is designed to exploit the growth of Asian fixed income universe, a market that has quadrupled since 2011 in its local hard currency form to more than $1 trillion. The strategy will be benchmarked against the JP Morgan Asia Credit Index, GAM said in a statement yesterday. 

Amy Kam will be the lead manager of the strategy alongside Dorthe Nielsen, Mark Pearce and Andrew Dewar. The team take an active approach, mixing top-down macro analysis with bottom-up fundamental analysis, to create a portfolio of 60-80 Asian fixed income holdings.

“Asian bonds now represent more than half of the global emerging market hard currency bond market. This growth stems from stable forces, namely demographic growth in China and India, as well as increased economic diversification, greater government transparency and deepening capital markets in Asia. These developments have created a market that is deep, liquid and scalable, and which offers investors higher average yields than those available in North America and Europe,” Amy Kam, lead manager of the GAM Asian Income Bond strategy, said.

ABN AMRO’s Digital Impact Fund has doubled its assets under management from €50 million to €100 million to boost fintech investment and said that it will continue its activities under the name ABN AMRO Ventures. It is the second fundraise in the fund’s three-year history, with the latest infusion going towards investment in leading fintech solutions in house and industry wide, the Dutch group's corporate venture arm said. To date, the fund has made nine new fintech investments, four follow-on investments and an exit in 2018 with Cloud Lending Solutions.

Ventures group director Hugo Bongers said: “Since the start of the fund we’ve seen great value in partnering with early-stage tech companies. By making investments, we aim to strengthen the strategic relationship and enhance ABN AMRO’s products and services in a fast-changing environment to create added value for our clients.“ The group currently holds stakes in Tink, BehavioSec, solarisBank, Ockto, Crosslend, Tealium, ThetaRay and Trifacta.

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