newsletter
MArket news AND updates
This periodic newsletter outlines recent developments in markets relevant to conservative investors and Amicus existing and potential clients. Many articles are an abridged extract from past monthly summaries and other information Amicus provides on a timely basis to its retained clients. The contents of these articles are a reflection of the range of areas and topics where Amicus has specific expertise, experience and knowledge. We hope these articles provide a community service be disseminating relevant information to the investment community and also provides potential clients with a better feel for our approach and the breadth and depth of the services we offer.
Investment Order for NSW Councils to be Reviewed
The NSW Office of Local Government (OLG) recently reported it was intending to work with NSW Treasury and TCorp to review the Ministerial Investment Order
Alternatives to Term Deposits and FRNs in a Low Interest Rate Environment
As both the absolute levels of interest rates and credit margins contract, it is increasingly difficult for investors to obtain returns in excess of 1%
Steps Taken to Mitigate Potential Future Mortgage Defaults
The Federal Treasurer announced in September the government’s intention to abolish or roll back the recently implemented responsible lending laws for ADIs thus removing the
AMP Bank: The Trend is not Your Friend
S&P ratings agency recently downgraded by one notch the long-term credit rating of AMP Bank to BBB from BBB+, while ratings for AMP Limited and
How Risky is Australian Household Debt?
The Reserve Bank of Australia (RBA) published a research report in August entitled “How Risky is Australian Household Debt?” The RBA believes existing household debt
Floating Rate Notes have Outperformed Term Deposits
The table below details the highest margins Amicus observed during August for Term Deposits and FRNs issued by reputable ADIs in Australia relative to three
Lehman Australia Dividend Postponed Sine Die
In mid-July, the Liquidator for Lehman Brothers Australia (LBA) sent a letter to creditors advising them of progress made towards the next dividend payment since
Federation Investors’ Patience Vindicated
In October 2008, the now infamous Federation SCDO arranged by Lehman Brothers Holdings Inc in the USA (Lehman) and distributed locally in Australia, redeemed early
TFF means Credit Margins will Continue to Contract
As part of its package to support Australian banks and the economy, the RBA introduced a Term Funding Facility (TFF) whereby it will lend to
The Similarities and Differences between Investment Markets in 2008 and 2020
In June 2020 Amicus celebrated the anniversary of the twelfth year since its founding in 2008. In some ways June 2008 was very similar to
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