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.
“Do Nothing” Advice to Federation SCDO Holders Proves Correct
As reported in Amicus’ article published in August 2020, Lehman Brothers Holdings Inc (the ultimate parent company within the Lehman Brothers group (Lehman)) lost their
Why Conflicts of Interest for Transactors Always Occur in Practice
A recent survey of first year analysts at Goldman Sachs[1] revealed in the second week of February 2021, the average analyst worked 105 hours and
How the Bloomberg AusBond Bank Bill Index Makes Negative Returns
The most common benchmark for money market products and conservative investors in Australia is the Bloomberg AusBond Bank Bill Index (Index). This Index consists of
Progress Made Towards Next Dividend Payment from Lehman Australia
Amicus can report some progress seems to have been made towards paying the next dividend and finalising the LBA bankruptcy. The major issues both recently
How to Classify the True Risk in a TCorp IM Fund
An option open to NSW councils seeking additional yield is an investment with NSW Treasury Corp (TCorp) in the TCorpIM Funds. TCorp does not guarantee
Interest Rates Likely to be Low for Years because Wage Growth is Low
The RBA has been crystal clear in its communication to investors and the market that it will not raise interest rates until consumer price index
Xinja Bank Failure: Lessons for Depositors
Xinja Bank announced its decision to wind up its banking operations shortly before Christmas 2020 and it returned all customer deposits in January. In doing
Australian Government Bond Rates Go Negative
During December, Australian Government Bonds were issued at a negative interest rate for the first time. On 10 December 2020, the Australian Office for Financial
New COVID Strains a Threat to the Economy
The plan for Australia’s economic recovery seems clear being to contain any virus outbreaks until the majority of the population is vaccinated, the most vulnerable
Some Brokers Openly Acting Against Customers’ Best Interests
As is well known, a financial advisor paid by a client has a fiduciary duty to act in that client’s best interests, but a broker
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