News

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 Insight Investment has released its annual report on responsible investment saying that while the importance of ESG factors for fixed income investments is widely acknowledged, more progress is needed. CEO Abdallah Nauphal said: “Fixed income has a dominant role in financial markets and investors’ portfolios globally, with...

Australian power company AusNet has issued a €700 million, 60-year international hybrid deal. The hybrid issue, in the form of non-convertible subordinated notes, is due for a first call in 2026 with maturity set for March 2081. There is a refinancing element with proceeds from the hybrid issue will be used...

This morning we expected a cash rate cut from 0.25% to 0.10%, but it didn’t happen! It is easy in hindsight, why would the RBA cut when billions of dollars in stimulus was being announced by the government? We need to be drip-fed the good news to keep our...

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...

ASX-listed investment manager Neuberger Berman has secured more than $340 million of new investments as part of a capital raising for its NB Global Corporate Income Trust (NBI). Following settlement, Neuberger Berman will be the largest global fixed income listed investment trust (LIT) on the Australian Securities Exchange (ASX) with...

The Australian Securities and Investments Commission has issued a warning to investors of a rise in bogus bond investment scams.  It warned of scammers pretending to be associated with well-known domestic and international financial service firms and offering high yield bond investments to investors. ASIC said it has recently become...

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...

Last week I listened to an ESG bond investment webinar by one of the world’s largest investors. Aviva plc is a British multinational insurance company and one of the top ten fund managers in Europe and the second largest U.K-based fund manager. The fund management business invests the group's...

Metrics Credit Partners’ MCP Master Income Trust (ASX:MXT) has raised in excess of $190 million via a wholesale investor placement to further diversify its loan portfolio. MXT issued more than 95 million units in the trust at $2 each in a placement to institutional and wholesale investors. Andrew Lockhart, managing partner...