Challenger Limited (ASX:CGF) has appointed Equity Trustees as note trustee for its Challenger Capital Notes 3, a new subordinated, unsecured, perpetual convertible security, which raised A$385 million.
Challenger issued Challenger Capital Notes 3, on 25 November 2020, which are listed and tradeable on the ASX. The proceeds from the offer...
Aberdeen Standard Investments is withdrawing three Australian fixed income funds from the market as it “...has decided to cease the management of Australian fixed income products for Australian clients, as part of a strategic reconfiguring of the business," according to a statement from the company.
The three Aberdeen funds that...
Alternative credit manager CIP Asset Management (CIPAM) has entered the retail fixed income funds management market, with the launch of a retail version of the CIPAM Credit Income Fund.
CIPAM was formerly known as Challenger Investment Partners before rebranding earlier this year.
The CIPAM Credit Income Fund is a floating rate, multi-sector credit...
Both Victoria and New South Wales have lost their AAA credit ratings after global rating firm S&P today downgraded both states' rating due to COVID-19 impacts.
S&P Global cut its long-term rating on Victoria two notches to “AA/Stable” from “AAA/Watch Negative” citing a weaker fiscal outlook.
S&P said that Victoria is...
Australia’s best (and best value) superannuation funds, managed funds, exchange traded products (ETPs), banking products and insurers for 2021 have been named by Money magazine, published by Rainmaker Group, in their Best of the Best Awards to recognise standout performers.
The publisher’s awards included the following fixed-income winners.
The best fixed-interest...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook.
Market Review
Risk appetite surged on positive vaccine announcements and allowed markets to look through surging European and US COVID-19 infection rates. Equity markets roared ahead, delivering double digit returns in...
Contango Asset Management Limited has appointed Coolabah Capital Institutional to manage the Switzer Higher Yield Fund.
Coolabah Capital is an active credit manager with 13 analysts and 5 portfolio managers. Coolabah’s founder and CIO is Christopher Joye, one of Australia’s leading economists, policy advisors and fund managers.
The Switzer Higher Yield...
Investors chasing yield in an environment of low interest rates have greeted AMP Life with high demand for a $300 million bond raising this week.
According to a report in The Australian, AMP Life has received orders worth $1 billion.
Per the report, prospective investors are being offered the bonds at...
Investors who rely on fixed income investments to reduce portfolio volatility when risk assets are underperforming may need to revise their investment approach, according to recent analysis from Daintree Capital.
Daintree’s analysis shows that in a ‘lower for longer’ interest rate environment short duration, active fixed income strategies are necessary...
