Australia’s corporate regulator is continuing its crackdown on fixed income funds that are incorrectly labelled and thereby confusing to investors. Australian Securities and Investments Commission deputy chair Karen Chester has said that they were increasing their watch on the sector. “Labelling matters just as much for financial products as it does...
The Commonwealth Government has set a record of $25bn for the amount raised in a single issue through the bond market. The Australian Office of Financial Management announced yesterday that the issue by syndication of the new 0.50% 21 September 2026 Treasury Bond has been priced at a yield to...
Australian retail investors are at a distinct disadvantage in the bond market. Credit ratings are an important indication of the perceived future risk of an investment, but brokers are not able to show them to retail investors because of a quirky ASIC ruling. The credit rating agencies refused to pay higher...
The value of the exchange traded fund (ETF) industry has surged past $70 billion for the first time, extending its strong growth run. A report from BetaShares highlights the 45% compound annual growth rate in the value of the Australian ETF industry since inception in 2001, compared to the 11%...
After writing down the value of its mall portfolio by more than $4 billion in its interim accounts, Scentre Group has gone to the US market and raised US$3 billion in a subordinated hybrid note issue. The Group had hoped to raise US$1.5 – US$2 billion, but accepted substantially more,...
The U.S.-based Natixis Strategist Outlook survey conducted by CoreData Research in July 2020, identified some of the key market risks for investors for the rest of the year. The survey included 36 market strategists, economist and portfolio managers from across Natixis Investment Managers, its affiliated investment managers and Natixis...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market Review A dovish monetary policy shift by the US Federal Reserve (Fed), with an elevated focus on full employment and shift towards a 2% average inflation target, buoyed risk appetite....
Virgin Australia bond holders have learned their fate with the release of the Deloitte report to creditors which will see U.S. private equity firm Bain Capital buy the airline for $3.5bn. The deal, which is subject to approval at a creditors meeting on September 4, will see unsecured bond holders...
Specialist high grade bond manager Jamieson Coote Bonds has launched a global absolute return fund providing investors with a defensive alternative that is uncorrelated to traditional fixed income market benchmarks and risk assets. The company says the fund is suitable for investors looking for income, diversification and defensive investment characteristics. The...
The ANZ bank will return to the Green, Social and Sustainability (GSS) bond market in Australia, after having issued its inaugural Green Bond back in June 2015. The bank has announced the issue of an AUD1.25 billion Tier 2 capital bond linked to the United Nation’s Sustainable Development Goals (SDG),...

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