News

Fixed income ETFs globally saw a 30 per cent increase in assets under management accounting for US$1.3 trillion at the end of June 2020 according to BlackRock. Bolstered by recent adoption patterns, BlackRock believes that institutional investors will help propel global fixed income ETF assets to $2 trillion by 2024. In...

A new partnership between bond broker Australian Bond Exchange (ABE) and financial markets software and services group Iress will enable Australian investors to digitally invest directly in Australian corporate bonds. Under the agreement users of certain Iress products will be able to access all the bonds admitted to trading status...

Australia's retail corporate bond market requires much further simplification and more equitable tax treatment if it is to become more attractive to retail investors, according to submissions to a new Parliamentary Inquiry. After ten years and numerous previous attempts to facilitate a deeper and more active retail corporate bond market...

NAB recently launched a new hybrid and raised $600m, less than a third of the $1.95bn accepted earlier this year. Pricing was higher at 400 basis points over three-month bank bills compared to 295 basis points back in March. The lower $600m amount is likely in part to reflect the higher...

 Online jobs site SEEK, has been busy in the bond market over the last few weeks: Offering to redeem the $175m senior floating rate notes issued on 28 April 2017 and due April 2022 for cash. Seeking to tap its existing $150m of subordinated notes which were issued in...

It wasn’t that busy in financial markets, as the US kicked back for the 4 July holiday and there was light trading in Europe. The big focus remains on the uptick in new COVID-19 cases both in the US and elsewhere, and domestically. The focus will be on Melbourne and...

As published in The Weekend Australian on 26 June 2020 In the frenzied final days of the sale of Virgin Australia, more than 5000 local bond investors suddenly found themselves centre stage. The surprise departure of Cyrus Capital meant that for a very short time there were two remaining bidders for...

On Friday, investors continued to fret about COVID-19, especially the surge in new cases in the US. The US recorded more than 42,000 cases on Saturday, which on the positive side of things was lower than the record 45,255 recorded on Friday, but it was second straight daily total...

Global investment manager Blackrock has introduced two new fixed income corporate bond ETFs to investors as part of their iShares ETF portfolio. The two new funds complement the broader iShares fixed income ETF suite of products, offering Australian investors increased flexibility to optimise fixed-income allocations in their portfolios. Christian Obrist, Head...

Friday was another quiet session in the markets – is this the part in the Jaws’ films before the inevitable happens? US equities started strongly but slipped throughout the trading sessions. In Europe, there was more of a risk on sentiment and most equity bourses managed to finish in...