Vanguard has reportedly been accused of charging high fees and providing limited transparency to unit holders in its Australian Fixed Interest Index Fund. The Australian Financial Review is reporting a review of the fund by research house Lonsec found Vanguard charged investors “less attractive” management fees than its peers. The $9...
Afterpay buy now pay later rival Zip has successfully priced an A$400m senior unsecured convertible notes offer. The notes are set to mature in April 2028 and are convertible into fully paid ordinary shares of Zip with an initial conversion price of A$12.39 per ordinary share, which represents a conversion...
Inflation remains the wild card in the economic growth story following a volatile first quarter, according to chief investment officer for fixed income at Eaton Vance, Eric Stein. With bond investors grappling with the prospects of stronger growth and higher inflation in the first quarter of 2021, Stein said the...
The Australian ETF industry has catapulted beyond $100 billion in funds under management for the first time after a strong month for growth. BetaShares’ ETF review for March shows the ASX exchange traded product market cap hit $102.9 billion at the end of march, representing a market cap change of...
Data released by research company Roy Morgan revealed last month Australians expected inflation of 3.8% annually over the next two years, the highest rate since March 2020. Inflation expectations are now 0.9% points below their long-term average of 4.7% but have increased by 0.6% points since reaching a record low...
Transurban Queensland is planning to raise US$2 billion through a through a new debt offering on the Singapore stock exchange. The company, which is two-thirds owned by Transurban Group (ASX:TCL), announced the offering on Friday and said it would use the proceeds from the tranche towards paying down existing debt...
Metrics Credit Partners has secured ratings in the A band for two of its loan funds despite a volatile year for financial markets raising concerns about credit quality. S&P Global Ratings has assigned an A- rating to the Metrics Credit Partners Real Estate Debt Fund (REDF) and affirmed its A-...
A new series of notes will be issued by Centuria Capital No 2 Fund and listed on the ASX in a bid to raise $100 million. A statement by Centuria, an ASX-listed specialist investment manager with around $10.2 billion in funds under management in property funds and investment bonds, said...
Liz Harrison, Fixed Interest Analyst - ESG in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook. Market review Bond markets remained volatile in March. The recovery story picked up pace in the US market, backed by strong economic data, a rapid vaccine rollout, an...
Over the last couple of weeks, global bond markets experienced levels of volatility not seen since March last year when the pandemic hit. The moves in yields were severe, rocking bond investors as prices fell precipitously, and bond funds globally recorded negative returns for the month of February. While Australia tends...

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