Quantifeed and XTB launch model portfolio for retail investors
Quantifeed and XTB have launched a model portfolio of exchange traded bond units (XTBs) linked to floating rate notes from Australian corporate issuers that will be available to investors in Australia and across Asia.
Fixed income specialist, XTB said that its active cash Australia model portfolio had been developed by Quantifeed to meet a growing demand from investors for a liquid yield alternative to bank deposits.
XTB’s co-founder and chief executive, Richard Murphy, said: “Interest rates in Australia are currently higher than some other markets in the region.
“Institutional investors have been able to access higher yielding Australian corporate bonds in the wholesale market.
“XTBs allow all other investors to access the same superior returns from low volatility floaters,” he said.
According to the company, each XTB, that provided retail investors to gain exposure to Australian corporate bonds, would offer investors an ASX-listed security that would deliver the price stability and returns of a specific underlying corporate bond with no minimum investment.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.