Disclaimer
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:
who holds an Australian Financial Services License
who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
that is a body regulated by APRA other than a trustee of:
(i) a superannuation fund;
(ii) an approved deposit fund;
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme.
within the meaning of the Superannuation Industry (Supervision) Act 1993that is a body registered under the Financial Corporations Act 1974.
that is a trustee of:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme
within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.that is a listed entity or a related body corporate of a listed entity
that is an exempt public authority
that is a body corporate, or an unincorporated body, that:
(i) carries on a business of investment in financial products, interests in land or other investments; and
(ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
Fixed income
Aggregate bonds
Aggregate bonds refer to a broad category of fixed-income securities that encompass various types of bonds, including government bonds, corporate bonds, municipal bonds, and mortgage-backed securities. These bonds are grouped together to provide a comprehensive view of the bond market as a whole.
Aggregate bond indices
The term is often associated with indices, such as the Bloomberg US Aggregate Bond Index, which tracks the performance of the investment grade bond market in the US. These indices typically include securities with varying maturities and risk levels, offering a diversified snapshot of the bond market.
Purpose of aggregate bonds
Aggregate bonds are commonly used by investors, fund managers, and financial institutions to:
Benchmark the performance of the bond market
Diversify investment portfolios by including a mix of bond types
Track market trends, yields, and risks across different sectors
A long history of innovation
Key characteristics
Diversity: Aggregate bonds include a wide range of fixed income securities, ensuring broad market representation.
Focus on investment grade: Most aggregate bond indices focus on investment grade securities, excluding high yield bonds.
Market insight: They provide insights into interest rate trends, credit quality, and sector performance.
