News

Contango Asset Management Limited has appointed Coolabah Capital Institutional to manage the Switzer Higher Yield Fund. Coolabah Capital is an active credit manager with 13 analysts and 5 portfolio managers. Coolabah’s founder and CIO is Christopher Joye, one of Australia’s leading economists, policy advisors and fund managers. The Switzer Higher Yield...

Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market Review Renewed COVID-19 outbreaks across the globe and a lift in geo-political tensions saw risk appetite wane. Equity markets were weaker, inflation expectations declined and there was some widening in...

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...

Bloomberg has announced that Bond Income, a registered business name of ASX-listed Cashwerkz Limited, has adopted Bloomberg’s Trade Order Management System (TOMS) for its new bond and fixed income solutions for wholesale investors, financial advisers and investment policymakers of councils and not-for-profits. Launched in August 2020, the new service, Bond...

After successful bond issues by Western Sydney University (WSU) and University of Wollongong (UOW) late last year, the University of Melbourne is the first Australian corporate to issue a bond in 2021. The 10-year fixed rate bond has a coupon of 1.97%p.a. and raised $150 million. Despite being hit by covid...

Each month Fixed Income News Australia provides a wrap of all the latest bond issues and changes from around Australia. Economic data No RBA meeting in January, the cash rate remains at 0.75% Devastating bushfires across five states, the Insurance Council of Australia says $800m in claims since September and...

Australia’s big four banks will continue to be under scrutiny from investors after the Reserve Bank of New Zealand last week restricted all locally-incorporated banks from paying dividends on ordinary shares and prevented them from redeeming bond issues until the country’s economic outlook improves. The move stops Australia’s big four...

Earlier this week, US-based cellphone carrier Verizon Communications issued a AU$1.25bn bond as part of a $25bn capital raising to help pay for 3,511 US 5G network licenses it won in a US government auction last month. The total cost of the purchases was US$45.5bn plus approximately US$8bn in costs...

Despite very low interest rates and volatile markets, there were still four fixed income ETFs that returned over 5% in the 12 months to 30 June 2020. Surprisingly, there were 12 funds that earned over 4% over the year. All four funds had global exposure and three of the four...

The CBA is anticipating good interest from security holders for its PERLS XIII offer after institutional demand catapulted the offer to $1 billion. The allocation was $250 million more than what the CBA said it intended to raise when the new tier-one capital transaction offer was announced in February. The bank last...