Yesterday, the Australian Office of Financial Management, on behalf of the federal government, printed an A$14 billion treasury bond, but could have printed more, with the issue attracting bids of A$61 billion. Government bonds yields have been relatively volatile and the issue yield was very attractive at 3.635%, after the...
Challenging market and economic conditions dampened ETF cash flows in Q1 2023, but industry AUM continues to grow year on year, according to data recently released by the ASX and Vanguard. The Australian ETF market recorded A$1.8 billion in cash flows during Q1 2023, down 47% from the previous quarter,...
A product review has seen Vanguard reduce the fee of the Vanguard Australian Fixed Interest Index ETF (ASX: VAF) to 0.10%, from 0.15%. The Vanguard Australian Fixed Interest Index ETF seeks to track the return of the Bloomberg AusBond Composite 0+ Yr Index before taking into account fees, expenses and...
The Clean Energy Finance Corporation has increased its investment in the Artesian Green and Sustainable Bond Fund to $50 million, up from its initial investment of $25 million in 2021. The parties are also increasing efforts to lift issuer disclosure and attract new investment capital. Artesian is developing a new investor...
Global X ETFs has launched a US investment-grade corporate bond ETF which provides investors with access to the world’s largest corporate bond market in a cost-effective, highly liquid and currency-hedged vehicle. The Global X USD Corporate Bond ETF (Currency Hedged) (ASX: USIG) has a management fee of 30 basis points...
Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest team, provides his Australian economic analysis and market outlook. Market Review Volatility flared again, with a rapidly evolving offshore banking crisis eliciting policy support and a fall in shorter-term yields as markets began to price in a pivot to monetary...
ASX-listed gold miner Northern Star Resources Ltd has priced US$600 million worth of senior 10-year notes, paying 6.125 per cent a year paid semi-annually according to an ASX announcement today. The notes due in April 2033 will be guaranteed by certain wholly-owned subsidiaries of Northern Star. The company said it intends...
There was a 24.5% per cent increase in fixed interest ETF buy trades in the half year to end December 2022, according to data from wholesale trading platform AUSIEX. And it is continuing this year. A mixture of floating rate, government, corporate and composite Bond ETFs comprised the top 10...
Investor flows have pushed the ETF industry to a new high even as markets decline according to the latest ETF review from Betashares. In February 2023, the Australian ETF Industry funds under management growth was 0.9% month-on-month for a total monthly market cap increase of $1.3 billion. A new all-time high...
Russell Investments Global Market Outlook, Q2 2023 Growth has been resilient, but inflation is receding only slowly, and central banks have not finished tightening. Meanwhile, recession indicators are still flashing warning signals. In our view, this creates a positive backdrop for government bonds and uncertainty for equity markets. Australian outlook Australian growth...

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