| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | Spectrum noted they maintain minimal direct exposure to domestic residential property and maintain an underweight position in the lenders to the sector. They fear that unless home loan growth re-accelerates prices will fall far more than the 6% experienced nationally since late 2017. They say the parallels with other property corrections driven by slowing credit growth are a concern. They believe falling local government bond yields and low corporate default rates could spur a chase for returns. This, they say, may remain supportive of lower credit spreads (capital gains) as Japan experienced when government bond yields collapsed. Spectrum expect 2019 to be an interesting year for A$ corporate bond investors. |
| More Information |
