Sycomore Sélection Crédit: Portfolio Manager Comment Q1 2022

In Short

Commentary for Q1 2022 on Sycomore Sélection Crédit by Stanislas de Bailliencourt, Senior Portfolio Manager, Emmanuel de Sinety, Senior Portfolio Manager, Tony Lebon, Senior Analyst and Ariane Hivert, SRI Analyst at Sycomore Asset Management
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Sycomore Sélection Crédit: Portfolio Manager Comment for  Q1 2022

FUND POSITIONING


The first few weeks of 2022 were dominated by a sharp increase in risk aversion with investors concerned over the prospect of monetary policy tightening. The invasion of Ukraine exacerbated this trend. Credit spreads widened as a result. The Itraxx Crossover index moved back to its September 2020 levels. Despite the a “flight to quality” due to the invasion, credit indices posted sharp losses during the trimester, overshadowing annual earnings which came in rather better-than-expected.
 

Download the full commentary below:

Sycomore Sélection Crédit I Comment Q1 2022
Stanislas de Bailliencourt

Stanislas de Bailliencourt

Senior Portfolio Manager

Shikhar Ranjan

Emmanuel de Sinety

Senior Portfolio Manager

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Tony Lebon

Senior Analyst

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Ariane Hivert

SRI Analyst

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