CIO Insights: Bonds perform for portfolios in the final quarter of 2018

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In 2018, many Australian investors missed a cornerstone defensive allocation that diversified risk when the rest of portfolios struggled. According to Bloomberg, major global equity markets returned -6% to -25%, global aggregate credit -3%, global inflation-linked credit -4%, and global high yield -4%. Government bonds? US treasuries +0.9% and Australian Government bonds a healthy +5.1% return in […]

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JCB appoints ex Hong Kong Monetary Authority portfolio manager as its Deputy CIO

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Jamieson Coote Bonds (JCB), specialist high grade bond manager, has hired ex Hong Kong Monetary Authority portfolio manager, Duangjai (Kate) Samranvedhya as its new Deputy Chief Investment Officer. Kate will provide input into the management of the domestic high grade bond strategy as well as manage JCB’s global strategy. JCB Executive Director and Chief Investment […]

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Beware the Australian property silent correction

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The US Federal Reserve hit the brakes for first time in 13 years, policy is now economically ‘restrictive’ The US Federal Reserve (the Fed) lifted interest rates to 2.25% as was widely expected in September and commented that monetary policy is no longer ‘accommodative’. Previous rate hikes have merely lifted their foot from the accelerator, […]

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The increase in the global cost of capital to bite  

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The US Federal Reserve raised interest rates by 0.25% as expected to the upper band target of 1.75%, 0.25% higher than that of the RBA cash rate. The Fed rationalised the increase noting the strengthening of the economic outlook in recent months. Chairman Powell repeated time and time again that only a single committee decision […]

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