LTP Trade Finance IndexÖ - April performance update

The LTP Trade Finance IndexÖ delivers the best monthly performance since September.

The LTP Trade Finance IndexÖá - the independent total return index covering the trade finance asset class - delivered a strong result in April 2002 in fact, the best monthly performance since September 2001. As in September however this excellent performance said more about dollar interest rates than it did about the secondary market for trade finance assets.

US Dollar interest rates tightened by 37 basis points in April - delivering a capital return - but the Index credit margin barely moved from 172 basis points at end March to 173 basis points a month later. Whilst some investors might welcome a period of stability after a roller coaster ride in all fixed income markets...

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