Managed Income Portfolio Services

FIIG’s Managed Income Portfolio Service (MIPS) provides wholesale investors day to day professional portfolio management, while retaining beneficial ownership of fixed income securities. MIPS offers four Investment Programs – Conservative Income, Core Income, Income Plus and Inflation-Linked tailored to your risk appetite and investment goals. You also have the option of a fully customised program for investment amounts of over $5million.

The benefits of investing with MIPS

Point 1Direct

Retain beneficial ownership of the portfolio of fixed income securities, the portfolio of bonds are held in your name.

Point 2Portfolio

MIPS clients achieve diversity from FIIGs capacity to offer small parcel at institutional pricing. A $250K investment will, over time contain 25 different bonds.  

Point 3Regular and
Timely Income 

MIPS provides a regular income stream through interest payments.

Point 4Investment

MIPS is managed by a team of fixed income specialists focused on delivering the highest possible returns for the least amount of risk.

How MIPS Works

For investment amounts greater than $5 million, you have the flexibility under MIPS to tailor a fixed income portfolio based on your key investment objectives. You can elect to customise your fixed income investment portfolio based on a number of different criteria. 

The Customised Investment Program provides a fixed income product that has unprecedented levels of customisation. The Program uses defined investment mandate criteria, allowing you to instruct FIIG to ‘dial up’ or ‘dial down’ these criteria based on your fixed income asset class investment objectives.

The Customised Investment Program can accommodate specific mandate requirements, such as: 

  • Ability to be more specific on defining your credit rating limits (e.g. investment grade only)
  • Ability to be more specific on defining your capital structure limits
  • Ability to reflect ethical, social and governance positions of investor
  • Inflation targeting and/or protection
  • Debt product restrictions – e.g. limits on amount of asset backed securities
  • Listed security limits
  • Sector/Industry concentration limits
  • Specific mandate restrictions


Kieran Quaine - Portfolio Manager

MIPS offers wholesale investors the opportunity to earn meaningful improvements in returns and liquidity over Cash and Term Deposits through the direct ownership of a significantly diverse range of quality assets that include Australian Bank and Corporate Bonds

kieran-quaineKieran Quaine, Head of MIPS Portfolio Management

Why invest with MIPS?

MIPS combines direct bond ownership with portfolio management.

  • Ability to customise portfolio from $5m: a unique proposition allowing you to tailor investments to meet your requirements, requirements including risk appetite, income targets, ratings restrictions, liquidity needs and Ethical, Social & Governance (ESG) overlays
  • Professional investment management: delegate day-to-day management to a team of professional fixed income managers who will use their market insights and indepth credit assessment to optimise return while preserving capital 
  • Direct ownership: your own custody account ensuring beneficial ownership and segregated investments. Your investments are unaffected by other investors decisions unlike a pooled investment in a fund
  • Transparency: view individual holdings, risk and cashflows 24/7 via secure website and monthly reporting providing return performance and current portfolio metrics
  • Governance and oversight: protection offered by the three layers of oversight of the MIPS portfolio management team (Portfolio Management Committee, majority independent Supervisory Committee and an external audit)
  • Certainty and access to income: amount and timing of income is generally known and you can opt to reinvest coupons or have them paid out
  • Institutional market access: access to the wholesale markets at cost, opening up the $A bond market worth approx. $1 trillion
  • Simple and transparent fee structure

FIIG's Managed Income Portfolio Service

Video: FIIG Managed Income Portfolio Service

About FIIG’s Managed Income Portfolio Service

Video: About FIIG’s Managed Income Portfolio Service

Meet your Portfolio Manager, FIIG – The Fixed Income Experts

Video: Meet your Portfolio Manager

MIPS Programs

 The minimum investment amount for MIPS is $250,000 for each investment program, or $5m for a Customised Investment Program.

Conservative Investment Program

Conservative Income

Regular income with exposure to investment grade credit only.

Conservative Income invests in investment grade senior and subordinated bonds. Longer dated bonds form a key part of portfolios generating yield from credit and interest rates. The mix of holdings of fixed and floating rate bonds will shift through the interest rate cycle.  

Core Income Investment Program

Core Income

Regular income investing in senior debt only

Portfolios are predominantly exposed to investment grade senior bonds with a small allocation to unrated bonds. Exposure is to medium to longer tenor maturity profiles, facilitating higher yield generation. The mix of holdings of fixed and floating rate bonds will shift through the interest rate cycle.

Conservative Investment Program

Income Plus

Higher income with moderate risk

Income Plus has a broader mandate to invest across the capital structure, senior through to subordinated bonds, and across the credit spectrum to include investment and non-investment grade companies. The allocation to select non-investment grade credits based on credit strength and subordinated bonds generates portfolio yield. The credit exposure and mix of rated and unrated bonds will shift through the credit cycle.

Inflation-linked Income Investment Program

Inflation-Linked Income

Income linked to inflation to protect purchasing power.

Inflation Linked invests in pure inflation-linked bonds, CIBs and ILBs, issued by governments, semis and corporates and in FRNs that are highly correlated to inflation. FRNs are included to generate excess yield via credit exposure. The exposure to longer and shorter maturity ILBs will vary through the inflation cycle.

Customised Investment Program Customised Investment Programs

For investments of $5m +

MIPS offers the ability to create a bespoke fixed income portfolio based on your key investment objectives including liquidity, credit, duration, diversification and Ethical, Social & Governance (ESG) position.

Let the experts manage your Fixed Income Portfolio

Meet the MIPS team


Kieran Quaine

Head of MIPS Portfolio Management


Megan Romeo

Assistant Portfolio Manager


Emma Jenkin

Director - Managed Accounts


Cathal Mitchel

Product Manager

Call usCall us on

 1800 01 01 82

Client Testimonials

FIIG has been a big part of our success and have always been very understanding of our needs and priorities. They are also very good at keeping one eye on performance to make sure we maximise returns.

Tony Eviston, Bathurst Catholic Diocese Fund

When we started buying bonds through FIIG in 2012, it was the first time that we had directly invested in bonds, so it was important to us that we got off on the right foot. We had talked to FIIG for quite some time before finally making a move. We have a lot of confidence in FIIG’s advice and had been very happy with the working relationship we have developed.

Greg Burrell, University of Newcastle

Our awards

  • Core Data SMSF awards 2015 - Fixed income winner, SMSF Member Category
  • Core Data SMSF awards 2014 - Fixed income winner, SMSF Adviser Categor
  • Core Data SMSF awards 2013 - Fixed income winner, SMSF Member Category