Asmita Kulkarni

Director - Portfolio Strategy

Asmita has over 14 years of experience in financial markets. Prior to joining FIIG, Asmita worked at Westpac Institutional Bank and Macquarie Funds as a credit analyst for large global banks, non bank financial institutions securitised products, and later as a credit officer at UBS AG, with responsibility for credit and complex financial product approvals for hedge fund and financial institution counterparties.

Her area of expertise is analysis of financial institutions and structured products such as Residential Mortgage Backed Securities and Asset Backed Securities. Asmita has broad risk management experience and is well versed in documentation negotiation.

She graduated with a double degree in Actuarial Studies and Finance from the University of New South Wales and is also a CFA charterholder.


RMBS arrears performance

This week our Director of Investment Strategy, Asmita Kulkarni discusses the latest rating agency RMBS report which shows arrears remain at very low levels supported by stable employment figures.

Week in review

From the trading desk

Positive US data continues despite some missed expectations, active trades in Hertz 2022s after sustained price weakness, Sprint 2025s see further demand, and investors redirect Plenary redemption funds to the Praeco 2020s. Sell off in Qantas 2020s while QBE USD 2026s an attractive investment grade option. Both Merredin and JCP USD yielding above 7%

Week in review

From the trading desk

Next Fed rate rise priced in for the June meeting, QBE subordinated notes the USD standout, and Virgin’s USD high yield debt look attractive after new AUD issuance. Investors switch out of high yield and into BoQ, Challenger and IAG. The Praeco bond offers standout relative value, and the new Aroundtown 2025 AUD bond a popular choice

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