Australian corporate bonds now available to retail investors across Asia-Pacific
HONG KONG, Aug. 7, 2017 /PRNewswire/ — Leading provider of B2B digital wealth management solutions Quantifeed and fixed income innovator XTB today jointly announced the launch of the first model portfolio of Exchange Traded Bond units (XTBs) linked to Floating Rate Notes (Floaters) from Australian corporate issuers that will be available to investors in Australia and across Asia.
The XTB Active Cash Australia model portfolio has been developed by Quantifeed amid the growing demand from investors for a liquid yield alternative to bank deposits.
XTBs provide an innovative way for retail investors to gain exposure to Australian corporate bonds. Each XTB offers investors an ASX-listed security that delivers the price stability and returns of a specific underlying corporate bond with no minimum investment.
John Robson, Quantifeed’s Chief Commercial Officer, said: “Many investors in Asia hold foreign currencies, including Australian dollars, in their investment portfolio. Our XTB Active Cash Model Portfolio provides opportunities to invest in a diversified basket of Australian bonds, generating attractive returns. It offers a simple way to directly access Australian floating rate bonds, previously inaccessible to most investors across Asia.”
Richard Murphy, XTB’s co-founder and Chief Executive Officer, said: “Interest rates in Australia are currently higher than some other markets in the region. Institutional investors have been able to access higher yielding Australian corporate bonds in the wholesale market. XTBs allow all other investors to access the same superior returns from low volatility floaters. We are delighted Quantifeed has developed The XTB Active Cash Australia model portfolio to give investors across the region access to floaters from a range of highly rated Australian Banks.”
Quantifeed’s automated investment platform allows financial institutions to offer advisors and customers a digital wealth management experience under their own brand. Quantifeed’s software and financial models provide banks, brokers and wealth planners with a configurable solution to suit their wealth management objectives. Firms can reach hundreds of thousands of consumers quickly and economically. The platform hosts portfolios of stocks, funds and other asset classes across all major global markets. Investing solutions can be based on risk assessment, life goals and thematic ideas. Quantifeed offers a library of portfolios for asset allocation, thematic investments and other trading strategies.
The company was founded by former investment banking executives Alex Ypsilanti, CEO, and Ross Milward, CTO, in Hong Kong in 2013.
About Australian Corporate Bond Company
Australian Corporate Bond Company (ACBC) is the Securities Manager of XTBs quoted on the ASX. Established in 2013 to develop the XTB fixed income investment opportunity, ACBC’s directors and key executives have extensive skills and experience in investment banking, broking, trading, funds management, investment product manufacturing and exchange operations.
Working with banks, brokers and market makers, ACBC selects the underlying corporate bonds whose returns will be made available to investors via XTBs on ASX. ACBC’s full role and that of the Responsible Entity are detailed in the XTB Product Disclosure Statement (PDS) available at www.xtbs.com.au.
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SOURCE Quantifeed HK Limited