Your Wealth

How to make money from credit despite lower rates

September 10, 2019

Chris Joye, AFR columnist and portfolio manager at Coolabah Capital, is a prolific and thought-provoking commentator on economic and credit topics; he also runs a number of credit strategies which are unlike the traditional buy-and-hold fixed income strategies most retail investors are generally familiar with. So is this area of credit for you, and how do you make room for it in a traditional portfolio? 

In part one of this lengthy and insightful discussion, Chris tells:

  • Why he only buys floating (rather than fixed) rate securities,
  • Why he thinks Australian term deposits offer very good value,
  • Why the hybrid market is imperfectly priced, offering potential for excess returns
  • At which point he believes bank shares will be worth buying, and
  • How to get ‘edge’ and deliver meaningful returns in fixed income.

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