FIIG Securities has cut the minimum corporate bond investment size from $50,000 to $10,000, in a bid to entice more retail investors, including SMSF trustees, into the market.
FIIG chief executive Mark Paton said the move marked a “new era” for the Australian investment scene – with many retail investors formerly priced out of the corporate bond market.
“Just five years ago the corporate bond market was closed to personal investors and dominated by large financial institutions,” Mr Paton said.
“FIIG opened the corporate bond market to personal investors with its innovative Direct Bond service, first by dropping the minimum parcel size from $500,000 to $50,000 and now to just $10,000.
“This puts direct corporate bond ownership within the reach of the vast majority of retiring investors and SMSF trustees.
“This latest improvement in accessibility means that people with investable assets of $200,000 or more can make a prudent allocation of 25 per cent of their portfolio to fixed income assets with appropriate diversification.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Mar 2018CBA CEO pushed for FOFA extensionBy James Mitchell and Aleks Vickovich
- 16 Mar 2018CPA dealer group clashes with FASEA requirementsBy Katarina Taurian
- 16 Mar 2018NAB launches virtual assistant for superBy Staff Reporter
- 15 Mar 2018IFA-focused platforms open to new strategiesBy Staff Reporter
- 15 Mar 2018Deakin eyes advisers to fill staff demandBy Killian Plastow
- 15 Mar 2018Adviser Innovation Summit 2018 agenda announcedBy Staff Reporter
- view all