“Our balanced risk approach to fixed income ensures portfolios are built in a balanced and diversified manner. Because one particular view does not dominate, we increase the likelihood of accomplishing portfolio objectives.”
Stephen Cooper
Head of Australian Fixed Income
Case study
Active opportunities in State Government securities
Bonds issued by State Governments in Australia typically offer yields that are above comparable securities issued by the Commonwealth Government. The amount of extra yield can vary over time. When well timed, buying or selling State Government bonds can therefore generate additional returns for actively managed portfolios.
State Government bond spreads - the additional yield offered over and above comparable Commonwealth Government securities
For illustration purposes only. Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. All securities mentioned herein may or may not form part of the holdings of First Sentier Investors portfolios at a certain point in time, and the holdings may change over time.
Source: Bloomberg and First Sentier Investors as of 30 June 2020.
Meet the investment team
Stephen Cooper
Head of Australian Fixed Income
Darja Milosevic
Portfolio Manager
Kris Bernie
Portfolio Manager
John Barrasso
Portfolio Manager
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