Background Over recent years many commentators and experts have spoken of the significant risks superannuation funds are carrying with respect exposure to Australian equities. Most notable were comments a few years ago from David Murray, former Chairman of the Future Fund, and Ken Henry, former Federal Treasurer, who both said they had concerns that Australian superannuation funds …
Tag Archive: Corporate Bonds
pub-5731955080761916
Aug 07
The disappearing credit spread…US now at pre-GFC levels
Source: RBA I know this probably an overly simplistic way of looking at investment grade credit markets…but…the above chart is currently showing that US investment Grade credit spreads have declined to be in the ballpark of pre-GFC levels. Personally, the US economy is still relatively weak, albeit getting stronger, but I no longer believe this …
pub-5731955080761916
Sep 18
Australian Government Bond Yield Curve…no change???
Source: RBA, Delta Research & Advisory Bizaarely as it seems but the above chart shows that over the last month the Australian Government Bond Yield curve has barely budged. There’s really no more than 5 to 10 bps difference across all terms and when you consider the various big announcements, economic results from here, overseas …
pub-5731955080761916
Mar 13
Corporate Bond ETF or Big 4 Bond ETF????
I was quite excited to see the launch of the new Russell Select Australian Corporate Bond fund over the past few days. I thought the ability to have a diversified Australian bond fund that has the ability to provide a bit of credit risk for a more diversified portfolio would be great. Unfortunately when I …