Direct bonds join defensive armoury

Key Points Corporate bond market open to retail investors May suit some strategies, but do not expect to beat the professionals  Prices will fall when interest rates rise The corporate bond market is finally open to retail investors. Where once they had to give the job to a bond manager or rely on the ASX-listed menu of illusory hybrids and convertible notes, self-managed super funds can now hold debt issued by some of Australia’s biggest companies. The first series of exchange-traded bonds (XTBs) offered by the Australian Corporate Bond Company consists of 17 senior bonds from companies including BHP...

The corporate bond market is finally open to retail investors. Where once they had to give the job to a bond manager or rely on the ASX-listed menu of illusory hybrids and convertible notes, self-managed super funds can now hold debt issued by some of Australia’s biggest companies.

The first series of exchange-traded bonds (XTBs) offered by the Australian Corporate Bond Company consists of 17 senior bonds from companies including BHP Billiton, Telstra, Lend Lease, Stockland, Dexus, Wesfarmers and Woolworths.

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