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.”
The professional body for the stockbroking and financial advice industry has called on the government to “urgently” review the ASIC levy model. ...
The Association of Financial Advisers (AFA) has confirmed the appointment of a new chief executive. ...
FPA chief executive Dante De Gori has announced he will step down from his role at the end of 2021. ...
Get notifications in real time and stay up to date with content that matters to you.
