KPMG's Australian Major Banks Half Year 2024 Results Analysis finds that the Majors reported a combined profit after tax of $15.0 billion, down 10.5 percent compared to the first half of 2023, and an average of 0.3 percent from $15.1 billion for the second half of FY23.
Steve Jackson, Head...
Queensland property group CFMG Capital has launched a new private debt fund to invest in pooled mortgages across its portfolio of 16 land development projects in southeast Queensland and Victoria.
The CFMG Monthly Income Fund (MIF) will expose investors to competitive returns through loans secured by first mortgages over real...
Emma Lawson, Fixed Interest Strategist - Macroeconomics in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook.
Market Review
Bond markets worry about stubborn inflation pressures, moving to price a higher for longer rate environment. Against this backdrop, the Australian bond market, as measured by...
First Sentier Investors (formerly Colonial First State Global Asset Management) has announced that it is closing four investment teams including Australian Fixed Income, Global Credit, Equity Income and Emerging Companies.
Ten funds will be affected including:
CFS Wholesale Indexed Australian Bond (CFSIL)
First Sentier Australian Bond (CFSIL)
First Sentier Diversified...
Suncorp Group has announced the launch of an offer of Capital Notes 5 to raise approximately $300 million and at the same time revealed it had filed warning notices with the Australian Prudential Regulation Authority over stress-testing requirements.
Capital Notes 5 are being issued as part of Suncorp's ongoing funding...
Franklin Templeton has announced the launch of two active Exchange Traded Funds (ETFs) today on the Australian Securities Exchange.
This opens new avenues for Australian investors to diversify their portfolios and gain access to global and domestic investment opportunities through two of the firm's flagship funds: the Franklin Australian Absolute...
This week, S&P Global announced widespread credit rating upgrades on Australian banks.
It upgraded all bank additional Tier 1 securities, known as hybrids or capital notes, as well as all Tier 2 securities, otherwise called subordinated bond issues. Credit ratings of New Zealand subsidiaries were also raised based on the...
The Federal Court has found Vanguard Investments Australia contravened the law by making misleading claims about certain environmental, social and governance (ESG) exclusionary screens applied to investments in a Vanguard index fund.
At a hearing before Justice O’Bryan on 8 March 2024, Vanguard admitted to engaging in conduct that was...
CSL Limited (ASX:CSL) last week priced US$1.25 billion corporate bonds in the United States 144A/Reg S market.
The notes will be issued by CSL Finance Plc and guaranteed by the parent company, CSL Limited, and certain of its subsidiaries. The principal amount, tenor and coupon for the notes are:
• US$500m...
