General
New issues update
Knowledge Series
In this edition we will look at primary deals in the wider market, which are public deals and follow a different process to FIIG-originated deals.
General
New issues update
Knowledge Series
In this edition we will look at the role USD bonds can play in diversified portfolios of Wholesale Clients.
General
New issues update
General
In part two of a series discussing FIIG's Bond Fund, Portfolio Manager Kieran Quaine highlights its role in investor portfolios and outlines its highly diversified exposure and cornerstone role for investors who seek stable income and capital preservation as well as the strategy and philosophy of FIIG's Australian Bond Fund.
Knowledge Series
In this article, we discuss the benefits of being a wholesale client and delve into the complexity of structured credit. Structured credit involves pooled assets, payment waterfalls, and various metrics specific to the sector, making it more intricate than standard bonds, with ratings available typically only to Wholesale clients.
General
New issues update
General
Following the launch of FIIG’s inaugural bond fund (the fund), in this first article of a three-part series we delve into the team behind the fund and their deep experience in fixed income markets. To celebrate this milestone and give readers further insight, we have interviewed the Fund’s Investment Management Team, comprised of Kieran Quaine, Head of Portfolio Management and Megan Romeo, Portfolio Manager. We asked them to elaborate upon the Investment Strategy they have successfully deployed historically within FIIG’s other managed service MIPS, and how they will apply that strategy to the Fund going forward.
Opinion
In this series, we previously discussed how credit ratings assist wholesale clients in assessing bond risks. This edition focuses on FIIG-arranged unrated primary deals available exclusively to wholesale clients. FIIG's mission was to meet the demand from investors for higher yields amid declining interest rates and provide growth opportunities for mid-sized corporates previously excluded from capital markets. To date, FIIG has arranged 75 unrated bond issues, offering attractive returns and resilience compared to high-grade bonds.
Trade opportunities
The current portfolio yields an indicative 6.68%* to the assumed maturity dates and is an approximate $210k spend.
General
New issues update
Trade opportunities
September saw a rise in longer-term rates. Central banks globally maintained cash rates but signaled possible rate hikes due to inflation. Portfolios remained relatively short, with the Conservative portfolio yielding 6.80%, the Balanced portfolio yielding 7.94%, and the High Yield portfolio yielding 10.29%. Some adjustments were made, including retaining an A-rated Pepper bond for its strong yield and adding a Pepper Money bond for diversity in the High Yield portfolio.
In this article, we discuss the FY23 reporting season and provides an overview of sectors covered by FIIG's Research team, including Insurance, Airline, and Real Estate. We highlight the challenges and trends in each sector, such as the solid performance in Insurance, mixed outlook for Airlines, and challenges in the Real Estate sector and emphasize the importance of diversifying portfolios across sectors for better returns and reviews the overall economic trend.
In this article, we discuss the advantages of Wholesale Client status for bond investors and how it expands one's bond choices. We also discuss the criteria for attaining this status and emphasize the benefits, including access to crucial credit ratings from agencies like Standard & Poor's and Moody's, which are essential for evaluating bond issuers. Additionally, it is important to understand and distinguish between Investment Grade and Sub-Investment Grade bonds when evaluating bond risks.