H2O AM hereby confirms that the net outflows have slowed significantly since Monday June 24th. In addition, H2O funds received some material inflows on Tuesday June 25th.
H2O Asset Management hereby confirms that the aggregated value of non-rated corporate bonds represents less than €500m as of Monday 24th of June.
H2O has sold part of its non-rated private bonds and, based on a valuation received by international banks, marked down the balance in compliance with UCITS regulation, thereby cutting their aggregate market value below 2% of H2O’s AuM. As a result of this mark down, triggered by the press reports that dried up market liquidity […]