For wholesale investors in Australia

Australian Fixed Interest: Financial year in review

Jay Sivapalan, CFA

Jay Sivapalan, CFA

Head of Australian Fixed Interest | Portfolio Manager

Jul 19, 2021

Jay Sivapalan, Head of Australian Fixed Interest, looks at the 2020/21 financial year, the key events, implications and outlook for the year ahead.

Key takeaways:

  • Despite ongoing COVID-19 outbreaks, the commencement of vaccination programs and fiscal easing helped buoy investor sentiment.
  • Equity and credit markets performed strongly on these accommodative policy settings.
  • Our expectation is for the Australian economy to expand by around 4.75% over the 2021 calendar year.
  • We are actively managing our portfolios in this environment where risk-free assets, like government bonds, are providing very low yields and the prospect of rising inflation and the eventual normalisation of monetary policy settings is on the minds of market participants.

This information is issued by Janus Henderson Investors (Australia) Institutional Funds Management Limited (AFSL 444266, ABN 16 165 119 531). The information herein shall not in any way constitute advice or an invitation to invest. It is solely for information purposes and subject to change without notice. This information does not purport to be a comprehensive statement or description of any markets or securities referred to within. Any references to individual securities do not constitute a securities recommendation. Past performance is not indicative of future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.



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