Australian credit has generally been expensive relative to overseas markets, Richard Quin, Bentham Asset Management's Sydney-based head asset manager, said in...

Australian credit has generally been expensive relative to overseas markets, Richard Quin, Bentham Asset Management's Sydney-based head asset manager, said in a March 7 interview. For this reason, we tend to focus on global, relative value, multi-sector credit. Bentham Asset Management, whose flagship fund beat 98 percent of Australian peers over five years, is avoiding the nation's expensive credit markets to buy asset-backed debt offshore and foreign-currency notes of local banks. Better-than-expected growth and trade data this month spurred bets the Reserve Bank of Australia will raise interest rates in the next year, dimming the appeal of the nation's debt. A Bank of America Merrill Lynch gauge tracking Australian sovereign, state and corporate debt has returned 1 percent this year while its euro and sterling-denominated peers offered at least double those gains. More from Bloomberg: (VIEW LINK)


The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.