Fixed Income Research Investment Strategy At the Breakdown: Fixed Income State of Play We have deep dived into fixed income markets, searching for value before the ruck forms. Despite an awfully weak inflation print, we have little faith in the long end, believing more is needed to understand if pricing pressure is indeed transitory. Ultimately, we believe the RBA will [...]
Fixed Income Research Investment Strategy Ark of the Covenant Jock! Start the Engine! The longer the rout in global bond markets continues, the more difficult it will become for central banks to control. We continue to believe the US and domestic economy will firmly rebound and that the tide has turned for duration. The current predicament for central banks [...]
Fixed Income Research We’ve Been LIT Up But Will We Return to NAV? That is a hard question to answer, but there is still a lot of meat on the bone here – both in terms of capital upside but also cash yield. Overall, debt focused Listed Investment Trusts (LITs) have performed well from March lows. Cash distributions have [...]
On the 21st of November 2016 Insurance Australia Group Limited (IAG) announced a new transaction (click here for announcement), IAG Capital Notes (Prospective ASX Code "IAGPD"). The purpose of this transaction is to provide regulatory capital for the group but more specifically it will be treated as Additional Tier 1 (AT1) capital for regulatory purposes. These securities are structured as perpetual, [...]
Who should pay for research use when making investment decisions? For a number of years market stakeholders have debated “unbundling" brokerage and research fees stating it promotes competition and transparency. Typically, in Australia, investors pay a flat percentage rate to trade and receive research (and, for professionals, access to company executives via meetings). In a world where the cost of [...]
Tabcorp posted broadly stable results for the full year ended 30th of June 2016. Revenue and underlying EBITDA both showed slight improvements of 1.5% while underlying net profit increased by 8.5% due to lower interest and depreciation costs. These results exclude significant items relating to establishment of the group’s new online UK wagering business Sun Bets, AUSTRAC Civil Proceedings and [...]
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ABN 31 164 148 467 ‧ Important Information
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
