Fixed Interest Securities
Offering clients portfolio diversification with fixed interest securities
What are Fixed Interest Securities?
Fixed interest securities offer investors investment income and portfolio diversification and come in many forms.
Fixed interest products, include term deposits, bonds and floating rate notes, often play an important role in our clients' investment strategies. In times of increased market volatility, fixed interest investments act to provide a stabilising influence whilst delivering attractive rates of return.
The ASX listed interest rate securities market is popular in the Australian market, with regular issuance of securities, which now includes both hybrid securities (fixed interest securities with equity characteristics) fixed and floating rate securities and government securities.Ords has been a key participant in this market with representation on most of the new issues placed in the Australian market.
Our Fixed Income Team can also provide access to a range of unlisted Australian and international bonds. The team also services a wide range of Australian wholesale clients, institutional fund managers, corporate and high-net-worth individuals.
Types of Fixed Interest Securities
Balanced Portfolio Diversification
Ord Minnett offers a unique term deposit service for our clients (minimum investment $100,000) enabling our clients to invest easily and efficiently with a wide range of major financial institutions and banks. Clients find this service useful to assess available market interest rates and for the efficient execution of the necessary paperwork.
The benefits of investing through Ords are:
- An investment that is simple and easy to understand
- Access to interest rates selected from a range of banking and deposit-taking institutions in Australia
- The certainty of a fixed rate of return over an agreed period of time
- Investment terms from one month to 5 years
- A “Term Deposit Rate Sheet” is emailed to you with current interest rates from a range of banks for a variety of maturities
- “Special” interest rates will be advised as and when available
- On maturity, a simple instruction to rollover, mature or change banking institution is all that is required
- Reporting is available depending on which service is utilised.
The ASX listed fixed interest market now includes both hybrid securities (fixed interest securities with equity characteristics) fixed and floating rate securities and government securities.
Ord Minnett is regularly appointed joint manager on Initial Public Offerings (IPOs) in the listed fixed interest market, ensuring our clients have priority access to new issues, adding diversity in client portfolios through a range of blue-chip Australian corporates and banks. As a key arranger in this significant, emerging Australian market, Ords is now a major participant in the secondary market trading of these securities. This ensures our clients have access to all the transparency and liquidity that the ASX can provide.
Ord Minnett has established a strong presence in the unlisted or “professional” fixed income market. This provides clients with access to Corporate and bank, senior and subordinated bonds.
Additionally, Ords has the ability to trade bonds issued by Australian banks and corporates in a range of foreign currencies. We can provide custodial services, thereby including clients’ fixed interest positions in their reporting, depending on which services clients utilise. This adds to the existing capabilities in the ASX listed fixed interest market, providing our clients with a greater choice of securities in which to invest, and access to notes higher in the capital structure (senior and subordinated debt).
Fixed Interest Team
Stewart Calderwood - Senior Adviser, Fixed Income
Stewart has over 30 years in the Fixed Income Market, having spent several years with Westpac London, managing the credit trading book for the London office. Stewart has traded in Fixed Interest for a number of global banks, including floating rate and fixed bonds, derivatives, asset backed securities, bank bills, term deposits, and hybrids. Stewart has been directly involved in setting up the Fixed Interest Desk in 2009 at Ord Minnett, trading corporate bonds, managing institutional cash and the Ord Minnett CMT.
Stewart holds a Master of Business Administration from Manchester Business School, University of Manchester, UK.
Matthew Young - Adviser, Fixed Income
Matthew has 9 years’ experience in the Fixed Income Market, having begun his career as a research analyst and account Manager with Deutsche Bank Private Wealth Management, providing high net worth clients with portfolio asset allocation and investment advice across a spectrum of asset classes.
Matthew joined Ord Minnett in 2009 with a technical background to assist in building the Fixed Income Desk. Matthew is involved in managing clients fixed interest portfolios, including floating rate notes, corporate bonds, government securities and listed retail notes. The Fixed Interest Desk also manages the term deposit book and the Ord Minnett CMT.
Matthew has a Bachelor of Commerce in Banking, Finance & Risk Management from Griffith University, Brisbane, with a Double Major in Finance & Risk Management and Accounting.
Alex Young - Adviser, Fixed Income
Alex has over 6 years' experience in the Fixed Income Market in Australia, having started his career in the financial markets in Hong Kong ten years ago.
Joining Ord Minnett's Fixed Interest Desk in late 2020 with a background servicing Authorised Deposit-taking institutions, government entities and not-for-profits, Alex is involved in managing clients' fixed interest portfolios, including term deposits, negotiable certificate of deposits, floating rate notes, corporate bonds, government securities and listed retail notes. The Fixed Interest Desk also manages the term deposit book and the Ord Minnett Cash Management Trust.
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