20 November 2023

GCI Investment Update October 2023

There was a total of seven RMBS transactions issued in the month, including five Prime RMBS and two NC RMBS. The expansion of the ABS market in Australia was discussed last month, and this was confirmed in October with the issuance of four ABS transactions worth a combined amount of A$2.6 billion.

In terms of portfolio positioning, the Gryphon Investment Committee has remained patient, engaging in a single new-issue transaction. The Investment Committee process is influenced by various factors including credit, relative value, and portfolio optimisation considerations.

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