Yarra Capital Management has struck a deal with Nikko Asset Management to become a $20 billion investment fund manager. Yarra will acquire Nikko AM’s Australian business under the deal. In return Nikko will be  provided with a 20% stake and board representation in the enlarged business. The combination will create one of...
The Reserve Bank is prepared to make adjustments to its bond purchases as required after announcing it would double its buying of longer-dated government bonds to $4 billion. At its meeting today, the RBA Board decided to maintain the current policy settings, including the targets of 10 basis points for...
Liz Harrison, Fixed Interest Analyst – ESG in the Janus Henderson Australian Fixed Interest team, provides her Australian economic analysis and market outlook. Market review The reflation trade gathered momentum over the month and bond markets sold-off sharply in February. Given the rapid pace of the vaccine rollout offshore and the...
The Commonwealth Bank of Australia (CBA) has launched a new tier-one capital transaction PERLS XIII, seeking A$750 million. The new offer aligns with spreading the refinancing of $6.1bn of hybrids, spanning the $1.45bn CBAPE (Oct 2021), $1.64bn CBAPF (Mar 2022) and $3.0bn CBAPD (Dec 2022). The Commonwealth Bank PERLS deal, which...
PIMCO, one of the world’s most powerful bond fund managers, is reportedly preparing to list its fixed income funds as active ETFs in Australia. The Financial Standard is reporting PIMCO has now applied to ASIC for approvals on listing at least three fixed income funds on the exchange. The three funds...
The Legg Mason Brandywine Global Income Optimiser Fund has been added to investment platform Macquarie Wrap. Managed by specialist investment manager Brandywine Global, part of Franklin Templeton, the Legg Mason Brandywine fund aims to provide an attractive and stable income by investing across diverse sources of income in global fixed...
The new Macquarie Group Capital Notes 5 (MQGPE) offer has been swamped with demand and repriced to a margin lower than the 3.00-3.20% bookbuild range at a final margin of 2.90% above 3 month bank bill. On Friday, Macquarie Group Limited announced the allocation of A$550 million of MQGPE to...
A green and sustainable bond fund open to wholesale and retail investors has been launched by Artesian Capital Management and in a short amount of time has beaten its benchmark in each of the five months since inception. The Artesian Green & Sustainable Bond Fund (AUD) has been running since...
At FINA, we track fixed income ETFs and managed funds with our ‘Finders’ to help you narrow your search for products that might suit your portfolio. We don’t make any recommendations as such but try to help you work out what is important. When assessing fixed income ETF performance, the first...
The Reddit mania that catapulted GameStop shares has "reverberated through to the bond market", according to global equity manager Eaton Vance. Eaton Vance put AMC Entertainment, one of the largest movie theatre operators in the US and a prominent player in the European market, under the microscope. Portfolio managers at Eaton...

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