Alexander Funds has announced the appointment of Nick Bishop as an independent member of their Investment Committee (IC).
Bishop was the former Head of Australian Fixed Income for Aberdeen Standard Investments, managing up to $14bn in fixed income investments. He also previously held the role of Managing Director, Head of...
The US Federal Reserve early today slowed the pace of rate hikes for the second consecutive meeting from 50bp to 25bp, moving the Fed funds rate target range up to 4.50-4.75%.
Jonathan Duensing, Head of Fixed Income, US, at Amundi, Europe's largest asset manager says: "We remain cautious and anticipate market...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
Signs of slowing growth led markets to factor in a slowing in the pace of monetary tightening, particularly in the United States. Domestic yields fell across the yield curve,...
Fixed income was very topical for Australian ETF investors over 2022, with the asset class receiving $3.6b in net inflows over the course of the year. A figure which was up from $2.9b in 2021. Overall, the Australian ETF Industry saw $13.5b in net inflows during 2022.
A recent survey...
Australian investors sharply reduced their subscriptions to managed funds in 2022, according to the latest Fund Flow Index from Calastone, the largest global funds network. Inflows fell significantly across all asset classes, with fixed income funds seeing the sharpest decline.
Figure 1: Calastone net fixed income fund flows, all AU...
Vanguard is bullish on expected returns for bond exchange traded funds for 2023 as market conditions improve.
The company believes that the momentum of flows into bonds in Q4 2022 is set to continue as investors continue to diversify their portfolios amongst continued high interest rates and improved market outlook.
Flows...
Earlier this week, CBA issued a record A$5 billion senior unsecured transaction, the largest ever domestic credit issue. Yields were attractive to institutional investors who placed orders of A$6.67 billion, well exceeding the amount issued.
The attractive 4.75% fixed coupon for the highly rated AA- institution is a good indication...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
The decision by the Bank of Japan (BOJ) to lift its 10-year governmentbond yield curve control target from 0.25% to 0.5% roiled global bondmarkets. Australian government bond yields initially...
