Our Portfolio Management Team provides a Quarterly Report on the September quarter including global economic summary and outlook, interest rate environment, credit spreads and the outlook for Managed Income Portfolio Service (MIPS) portfolios. Here is an extract from the MIPS Quarterly Report with the full Quarterly Report provided to MIPS holders
Our new service “MIPS” gives you the benefit of direct investing without the worry. Our specialist portfolio team take care of day to day management and portfolio allocation while interest payments are made direct to your account. You have the benefit of being able to look at your account and its holdings on a daily basis much the same way you would with your shares
The year will see the potential implementation of the Murray report as the main focus for the banking sector. The two major areas to impact the banks are the recommendations to hold top quartile levels of capital internationally and higher risk weightings on residential mortgages
With a focus on the recommendations that seek to address the resilience of our financial markets and specifically the FSI’s approach to removing the “too big to fail” implicit guarantee our Big 4 banks enjoy
QBE priced a US$700m new-style subordinated debt deal this week receiving over US$2bn of bids into the book.
Investors hoping for a quick profit from the CBA Perls VII (CBAPD) on listing were disappointed when the hybrid began trading last Thursday. It closed the day at $97.10
One of the major drivers for Australian corporate hybrid issuance this year has been the 100% equity treatment given to these securities by the credit rating agency Standard & Poor’s (S&P).
The Australian regulator of banks and insurers, APRA, has relaxed an approval requirement on distribution payments on Tier 1 and Tier 2 securities – often referred to in Australia as hybrid securities.
CBA have launched their much anticipated Perls VI – the latest bank hybrid that will qualify as Tier 1 capital under the Australian bank regulator’s (APRA) draft Basel III standards.