Next year will bring more challenges compared to 2021 and investors should start the year with caution, according the Europe's largest asset manager. Amundi has published its investment outlook for 2022 and key takeaways include: The ‘road back to the 1970s’ narrative gaining traction. Secular stagnation is a thing of the...
This article was originally published by Mihkel Kase, Fund Manager - Fixed Income and Multi-Asset at Schroders. The end of October witnessed a large spike in yields and volatility in the Australian bond market. Bond yields have been rising as the market moves to price in expectations of future adjustments...
Saudi Arabia, the largest oil exporter on the planet, is about to enter the market for green bonds in what certainly is a head-turning moment for the wealthy Gulf state. Bloomberg is reporting the move which is a possible watershed moment through the eyes of some investors, and one on...
I recently came across this paper by FTSE Russell providing an overview of Emerging Markets and some of its indices. Even though the paper was published back in May 2020 and some of the charts are dated, it gives a great insight into the sub sector. Here we selectively...
Growth in the US and across the globe is expected to decelerate from their cyclically driven highs into 2022, according to leading fixed income investment manager Western Asset's Quarterly Outlook. Western Asset, which is part of Franklin Templeton, notes: “Contributing factors include a sharp reduction in global fiscal stimulus, a...
Ampol and Optus have this week both gone to the market seeking potential investors in respective fundraising offers. ASX-listed fuel retailer Ampol is pitching a subordinated notes deal to fund managers this week.  ​​According to the Australian Financial Review, Ampol has appointed Commonwealth Bank, Mitsubishi UFJ Financial Group, NAB and RBC...
RBA Governor Philip Lowe has conceded there could be an interest rate rise in 2022 but it “seemed a very, very low probability’. In an address to the Australian Business Economists, Lowe focussed on on recent trends in inflation and the implications for the RBA's monetary policy. Dr Lowe repeated a...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 31 October 2021. PORTFOLIO POSITIONING We remain modestly underweight equities relative to bonds and cash given a less compelling risk/reward profile against a backdrop of elevated valuations with more moderate return expectations. Higher rates, rising...
Global high yield distress ratios have been put in the spotlight by a chart and analysis by Nachu Chockalingam, Senior Credit Portfolio Manager at Federated Hermes. "For high yield bonds, we define distress as bonds with an OAS (option-adjusted spread) of more than 1,000bp," Chockalingam said. "What is so compelling to...
Westpac Banking Corp has raised AUD$7.4 billion (US$5.5bn) in the US bond markets in what is believed to be a record for an Australian bank. According to the Australian Financial Review, Westpac raised the money signaling a return to the wholesale market via the sale of three, seven, 15 and...

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