Managed Income Portfolio Service

Providing wholesale investors day to day professional portfolio management, while retaining beneficial ownership of fixed income securities. 

The benefits of investing with MIPS

Point 1Investment
Expertise

The MIPS Portfolio Management team are specially resourced industry-leading experts focused entirely on creating value for investors.

Point 2Regular
Income 

Investors benefit from a regular income (coupon) stream that can either be distributed to a nominated bank account or automatically reinvested.  

Point 3Portfolio
Diversification 

MIPS maximises diversity through FIIG’s unique DirectBond service enabling us  to offer bonds in $10,000 parcels. A $250,000 investment will, over time, hold 25 different bonds

Point 4Direct
Ownership

The bonds are held in your own name, they are not units in a trust.

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?

Customised direct bond ownership professionally managed made simple.

  • 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
  • Simple and transparent fee structure
  • 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

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 Investment 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 Investment Program

Conservative Income

4.15%
Gross Yield to Maturity (YTM)

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 Investment Program

Core Income

4.36%
Gross Yield to Maturity (YTM)

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
Conservative Investment Program

Income Plus

6.02%
Gross Yield to Maturity (YTM)

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


Income-Linked Income

4.65%
Gross Yield to Maturity (YTM)

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

Mathew Simpson - ‎Head of Corporate and Middle Markets

Mathew Simpson

Head of Distribution, MIPS

Email mathew.simpson@fiig.com.au

Phone 0427 220 976

Marcus Blake - Director - Distribution, Managed Portfolios

Marcus Blake

Director - Distribution, MIPS

Email marcus.blake@fiig.com.au

Phone 0427 063 362

kieran-quaine

Kieran Quaine

Head of MIPS Portfolio Management

Megan-Romeo-MIPS-microsite

Megan Romeo

Assistant Portfolio Manager

EmmaJenkin-MIPS-microsite

Emma Jenkin

Director - Managed Accounts

Cathal-for-MIPS-microsite

Cathal Mitchel

Product Manager

Phone Call us on

 1800 01 01 82