With cash rates set to stay even lower for even longer, retirees urgently need higher-earning alternatives for the defensive portion of their portfolios. Actively managed fixed income investments can provide the answer – and the time to act is now.
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Following the release of the National Accounts, Frank Uhlenbruch, Investment Strategist in the Janus Henderson Australian Fixed Interest Team, puts the recession in context and discusses the road ahead.
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While the disconnect between markets and the real economy has widened further, there is no guarantee that it will narrow, especially with central banks acting as the buyer of last resort. Yet the risk of an extended run of corporate insolvencies remains. In this environment, high-quality income generation is the key, together with the flexibility to move quickly as new opportunities and threats emerge.
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The Schroder Absolute Return Income (Managed Fund) (Chi-X code: PAYS), available on Chi-X, is an actively managed fixed income exchange traded fund (ETF) that aims to help investors strengthen the defensive allocation within their portfolios by boosting income, while seeking to protect capital
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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A fixed-income investment is a simple interest-only loan. It may be made to a government, semi-government authority or company; as such, fixed-income investments are often referred to as ‘debt’ investments.
Read MoreFNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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The inversion of the Treasury yield curve has recently gotten a lot of attention in the financial press as being a harbinger of economic malaise ahead. Franklin Templeton Fixed Income CIO Sonal Desai says these conclusions are misguided.
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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Global shares fell and safe-haven sovereign bond yields surged on Friday after President Donald Trump’s unexpected threat of tariffs on Mexican imports added to fears that his escalating trade wars will send the major economies into a slowdown and possible recession in coming months.
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Long-dated Hybrid yields peaked at 6% in late February, but with the 90-day bill rate falling 0.35% and the hybrid credit margins contracting by about 0.25%, the hybrids are now yielding below 5.50%. The market appears to have completed its bullish move, having moved sideways since the beginning of April.
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Read MoreFNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
Read MoreFNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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Bonds are always lower risk than shares in the same company, but do carry some of the same risks. They also have unique risks that can be used to your advantage.
Read MoreFNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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This year’s ASX Russell long term investing report, which assesses returns on a 10 and 20 year time span up to 31 December 2017, shows some surprising results.
Read MoreFNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.
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Your portfolio allocation needs to change as you age. The defensive qualities of corporate bonds, suit SMSFs looking for reliable income streams and capital preservation. If you’re holding too much cash to protect your portfolio, you need to read this note.
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We demonstrate the impact of Labor’s proposed franking credit changes and why subordinated bonds become relatively much more attractive.
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US bond yields have struggled to stay above 3%, German bond yields are around 0.3%, Japanese bond yields are around 0.09% and Australian bond yields are around 2.58%, with most well below their highs seen earlier this year. So, what happened? Should we still worry about inflation?
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The Aussie iTraxx is a proxy for credit spreads in the Australian market. It is an index, not unlike the ASX All Ordinaries Index for equities, which provides information on the direction and trend of the market.
Read MoreWe have decent supply in a range of retail bonds at the moment. If you have some ‘lazy’ cash available, now might be a good time to consider investing for a higher return. We list 13 bonds with a mix of investment grade and high yield.
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Cash is cash on hand – at call – money you or your fund manager can get at immediately. Anything else does not qualify.
Read MoreUnderstanding the terms and the return of fixed income securities or interest rate securities as they are frequently named can be confusing. This article provides a guide that should help you to understand some of the different features of the investments and how to interpret the returns quoted, and includes a list of key definitions.
Read MoreShareholders have been spoilt by Telstra and big banks in recent years and can be forgiven for thinking the stocks can act like bonds. These shares, often tagged as “bond proxies”, have been consistent and delivered high income with franking credits making them broadly appealing to many investors. But recent history tells us you can’t rely on shares for income or capital preservation and so they should never be thought of as proxies for bonds.
Read MoreAfterpay, the consumer finance company that broke new ground in the market with its “buy now, pay later” system, has been a very successful share investment. With an estimated one in four online fashion purchases going through the company, the news that it has issued a high yield bond is bound to get wide attention.
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Benchmark interest rates are rising and while it’s still only early days in the banking royal commission, the indiscretions are mounting, as are likely costs. The banks might feel the pinch but ultimately is going to be the customers that have to pay.
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CBA recently launched a new bank hybrid hot on the heels of Westpac’s new issue, which has us questioning: are hybrids any better than bank shares? We think both will react similarly in a downturn but hybrids are more complex.
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While some of the criteria are similar to those we use for assessing a company for share investments, there are critical differences when assessing it from a bond perspective.
Read MoreThe long-term outlook for a more challenging investment market with low-interest, subdued equity returns and higher volatility has led to some investors wondering whether a radically new investment strategy is warranted.
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A new calendar year is a good time to take a breather and consider your investment objectives for 2018.
Read MoreThe XFJ accumulation index, which includes ASX 200 banks and REITs, along with their dividends, and which might be described as Australia’s retail bond market, underperformed the broader market last year – 5% vs 12% for ASX 200 Accumulation – and has the sector started the new year in the same vein: -1% vs flat.
Read MoreA total of 46 of the ASX Top 50 companies issue bonds. This isn’t surprising as they are large international companies trading in foreign markets and require multiple sources of funding (see Table 1). But a couple of things did surprise me:
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