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Education Articles
Aggressive Fixed Income Portfolio - High Single-Digit Running Yield with Capital Gain Upside
11 August 2010by Justin McCarthy This is an aggressive risk portfolio with a long term focus that seeks to provide equity like returns for debt like risk. By investing further down the capital structure, it is...Moderate Fixed Income Portfolio - With a Target of 4% Over Inflation
11 August 2010by Jim Stening My investment goals from a fixed income allocation perspective are modestly biased towards growth. My personal circumstances are a little unusual in comparison to most in that I have a...Moderate Fixed Income Portfolio - Suitable for an Investor Nearing Retirement
11 August 2010by Elizabeth Moran The following is a fixed income portfolio based on $1m to invest, generally with a “hold to maturity” view. I define myself as conservative and remain concerned with...Hybrids versus Equities
4 August 2010by Brad Newcombe Advantages of Hybrids over Equities Hybrids are often compared with shares in terms of risk; however they have a number of advantages. Four of the key characteristics of hybrids that...What is Tier 1 Capital?
4 August 2010by Phoebe Sedgman Tier 1 capital refers to capital that must be held by banks to meet regulatory requirements and is a broad indicator of a bank’s financial strength and ability to sustain...Conservative Fixed Income Portfolio by Dr Stephen Nash
4 August 2010Generally, the following note will seek to allocate a bond portfolio in a way that maximizes return over the forecast period. In order to execute this goal, the following steps are followed: (i)...Aggressive Fixed Income Portfolio - Constructed to Provide a High Yield
4 August 2010Brad Newcombe, Director of Listed Interest Rate Securities, outlines an aggressive fixed income portfolio aimed at generating high cash and overall returns. Read...Aggressive Fixed Income Portfolio by Gavin Madson
4 August 2010Gavin Madson our infrastructure and fixed income analyst has created an aggressive portfolio for retail investors looking for a high yielding investment strategy. Read...What is a Wrapped Bond?
21 July 2010A wrapped bond is a security issued by a company and then insured by a third party, most commonly an insurance company, which provides a guarantee to the investors that if the underlying issuer fails...What is a Credit Default Swap?
23 June 2010by Liz Moran In last week’s Wire we defined derivatives as being financial instruments whose characteristics and pricing are derived from another underlying instrument. In this article we...What is a Derivative?
16 June 2010 by Liz Moran A derivative is a financial instrument whose characteristics and pricing are derived from another underlying instrument. Derivatives are often used to help companies and...What is Duration?
2 June 2010by Liz Moran A bond’s maturity gives little indication of how much of its return is paid out during its life or the timing and size of its cash flows. For example, a zero coupon bond has no...Volatility - Can You Sleep At Night?
26 May 2010by Liz Moran Last week’s massive devaluation of Australian equities highlights just how volatile equities markets can be in times of uncertainty. Uneasiness around the globe is increasing...Capital Structure, Capital Structure, Capital Structure
26 May 2010by Liz Moran Property investors know and respect the mantra; location, location, location. Key in fixed income markets is where the product sits in the capital structure. Where an investment...What is a Bond? - An Overview
20 May 2010A definition of a bond. Read...Risk Vs. Reward
12 May 2010by Elizabeth Moran When considering investing in any form of asset it is worth considering the risk versus reward continuum. Generally, lower risk investments provide lower returns. Australian...Risk versus Reward - PIIGS Sovereign Debt compared
12 May 2010by Elizabeth Moran High risk equates to high return, as demonstrated by the figure shown in the Risk versus Reward article. Perceived risk of European sovereign debt from PIIGS (Portugal, Ireland,...Infrastructure Continues to Show Strong Relative Value
5 May 2010by Gavin Madson We continue to take a positive view on where infrastructure is trading in the secondary market when compared to other sectors and the market as a whole. Opportunities exist to add...A Bank Bill Swap Rate (BBSW)
28 April 2010One of the key terms for Australian fixed income investors is the Bank Bill Swap Rate, or more commonly referred to as BBSW. While BBSW has many uses, for fixed income investors its main relevance is...Investing In Infrastructure Assets - Part 5
21 April 2010What we look for in infrastructure assets? In the fifth and final part of our series on infrastructure assets, we will look at what we focus on when considering infrastructure...
