• The market started slightly calmer in April, causing a spread tightening of 20 basis points, resulting in a plus of 0.55% in the fund.
• The oil price reached a five-month high
• Tensions between USA and Turkey continue to provide strong price fluctuations
• Growing concern in Argentina over the upcoming presidential elections in October
• Positive figures from China with an economic growth of +6.4% in Q1
• YTD inflows in the asset class more than tripled the outflows in 2018
  

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