ACBC offer higher yield exchange traded bonds

funds-management/XTBs/ASX/ACBC/

9 November 2015
| By Staff |
image
image
expand image

A new tranche of exchange traded bonds (XTBs) will provide investors with predictable income returns without sacrificing capital, the Australian Corporate Bond Company (ACBC) believes.

The ACBC released six new XTBs on the Australian Securities Exchange, as part of its second tranche of XTBs.

The company forecast that the new XTBs, which includes three Qantas bonds, and one each from APA Group, Caltex and Mirvax, would provide indicative yields of between 2.83 per cent and 4.98 per cent, with investors receiving payments twice a year.

ACBC chief executive, Richard Murphy, said XTBs provided investors with "an easy way" to protect their investment by accessing fixed income diversification.

"While it's still early days for XTBs, we've been very encouraged by the positive feedback we've been getting from advisers and investors to date," he said.

"Going forward we remain focused on continuing to educate investors on the benefits of gaining exposure to corporate bonds and rolling out new tranches of XTBs."

The ACBC said more XTBs will be launched in the coming weeks.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS