Not rendering correctly? View this email as a web page here.

The Tabula monthly - December 2020


Reasons to seek US inflation protection

  • US inflation expectations have hit their highest level since May 2019
  • A new stimulus package worth $908bn is gaining bipartisan support in the US
  • The outlook for economic growth has improved dramatically due to positive results from large-scale vaccine trials  
  • A stronger, more rapid rebound, coupled with a Fed that has signalled a willingness to let inflation run above the 2 per cent target on a sustained basis, has put inflation back on the agenda
  Inflation Breakevens2
Source: Tabula and Bloomberg as of 4 December 2020.

A simple but comprehensive solution to inflation exposure

Tabula's latest innovative ETF, the Tabula US Enhanced Inflation UCITS ETF, provides a new approach to inflation by providing exposure to realised and expected inflation in a single ETF, resulting in a more capital efficient vehicle for inflation protection. 


2021: US inflation expectation, positioning and access tools

If you missed our webinar with Bloomberg last week click below to hear the replay now.

Our CEO MJ Lytle joined Bloomberg's Senior US Economist Yelena Shulyatyeva and Kartik Ghia (Co-Head of Systematic Strategies research Bloomberg) for a discussion on post-pandemic inflation and enhanced inflation exposure.

Bloomberg webinar



Fixed income in ESG: more of the same?

Fixed income has been slow to embrace ESG considerations. Investors currently have to choose between green bonds or fixed income funds with ESG filters, which typically lack a clear purpose apart from being “more ESG”.

ETFs with specific environmental or social objectives could be more compelling, and help provide much-needed variety and choice for sustainable investors.

Our CIO Jason Smith recently spoke with ETF Express and gave an update on how Tabula is approaching ESG in fixed income.




How did our ETFs perform in November?




  Tabula iTraxx IG Bond (EUR) Dist1 +0.5% See the factsheet >  
  Tabula US Enhanced Inflation (USD) Acc2 +1.8% See the factsheet >  
  Tabula European Performance Credit (EUR) Acc +5.0% See the factsheet >  
  Tabula European iTraxx Crossover Credit  (EUR) Acc +4.9% See the factsheet >  
  Tabula European iTraxx Crossover Credit Short (EUR) Acc -5.8% See the factsheet >  
  Tabula North American CDX High Yield Credit Short (USD) Acc3 -6.1% See the factsheet >  
  Tabula Global IG Credit Curve Steepener UCITS ETF (EUR) Acc4 +0.2% See the factsheet >  
Tabula J.P. Morgan Global Credit Volatility Premium (EUR) Acc
-0.3% See the factsheet >  
1 Performance represents the iBoxx iTraxx Europe Bond Index. 2 Performance represents the Bloomberg Barclays US Enhanced Inflation Index. 3 Performance represents the CDX North American High Yield Credit Short Index. 4 Performance represents the iTraxx-CDX IG Global Credit Steepener Index.
Contact us Send us a message Chat to us
Call us on
+44 20 3909 4700
Email us at
Chat with us live on
our website