Upcoming events : 29 April 2025
Please join us on Tuesday, 29 April at 14:00 (GMT) | 15:00 (CEST) for an interactive webinar with Tom Mansley, Investment Director at GAM Investments.
How can GAM’s MBS strategy diversify your fixed income exposure?
In our view, mortgage-backed securities (MBS) stands out as a compelling choice, offering stability, attractive yields and diversification from corporate risk. We believe residential mortgage-backed securities (RMBS) spreads will remain stable for 2025 and beyond, with non-agency RMBS spreads, particularly legacy RMBS, remaining attractive compared to US corporate credit.
Our MBS strategy has maintained a low correlation (below 0.4%) to US high yield, corporate bonds, the S&P 500, and municipal bonds since 2002.* This low correlation highlights the diversification benefits of MBS. With mid 6% yields, low correlations and low volatility, we believe MBS is a valuable addition for income-seeking investors.