Company updates
This week, Dicker Data 1Q18 results, IMF Bentham funds Brambles class action, Liberty RMBS upgrades, Plenary seeks holders’ approval to amend terms of 2021 notes, Merredin Energy research update and Tesco sterling bond offerings. We have updated Factsheets for Asciano, MPC, Qantas and Sprint Corp
Trade opportunities
Returns on investment grade bonds are low. Allocating a portion of your portfolio to sub investment grade and foreign currency bonds will help improve the yield. We show our US Income Generator Portfolio and a mini USD HY portfolio
Opinion
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
At FIIG
Kieran Quaine, MIPS Portfolio Manager summaries first quarter performance and a revised strategy
Week in review
Trump blames OPEC for ‘artificially high’ oil prices, Bristow the standout USD high yield bond, Rackspace continues to be a popular trade with sub investment grade Dean Foods and JC Penney offering high yields, FRNs on demand to minimise interest rate risk exposure, investor interest in Adani’s shortening maturity and FIIG originated Lucas TCS a great sector diversifier. If you own Capitol Health bonds, remember, they are being called on 10 May
Sales commentary
Capitol Health Limited is calling its 8.25% May 2020 bonds. Judd Bogust from the Perth office explains why the diagnostic imaging provider is calling its bonds, if you should hold until redemption or sell to reinvest now. He’s included several suggestions to reinvest your cash and relative value
At FIIG
At FIIG, we offer two frontline services to help clients access information on their FIIG account. One of these is the MyFIIG portal service for FIIG clients, the other is the FIIG app
Market stats
Trade opportunities
See the top rates for bonds and term deposits available this week
New issues list
New issues for the period 11 April – 17 April 2018 including: ACT, BOC, Caltex, EFIC, Quebec, Suncorp, Volkswagen, WATC, Westpac