XTB expands range of corporate bonds

XTB ASX products

15 December 2017
| By Oksana Patron |
image
image
expand image

Australian-based provider of Australian Securities Exchange (ASX)-traded corporate bond investments, XTB is expanding its range of corporate bonds, with four new XTBs now available to trade.

The company would have a total of more than 50 XTBs available on the ASX, with the newest XTBs being bonds from issuers who proved popular with investors.

XTB’s co-founder and chief executive, Richard Murphy added: “The new XTBs are at the higher end of our available yields and have longer maturities, which allows investors looking for longer-term investments to access bond returns up until 2026.”

“XTBs have changed the game and we are growing fast on the ASX because we are stacking the once empty shelves in the corporate bond section of the ASX supermarket.

“We are now well in excess of $250 million of XTBs sold and as the business has developed we have seen our investor base change from largely advised clients to a greater interest from self-directed investors.”

According to the firm, XTBs allowed investors to gain exposure to individual Australian corporate bonds issued by leading corporates on the ASX and each XTB delivered the price stability and income from a specific underlying corporate bond with no minimum investment.

“Witch rock-bottom interest rates, investors are looking for real alternatives to term deposits (TD),” Murphy said.

“XTBs are catering to those needs as they offer a risk profile that’s just above TDs on a risk return spectrum and provide stable and predictable returns.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

5 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 10 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 8 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 11 hours ago