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
News
- 26 Jun 2017Former AMP adviser gets permanent banBy Staff Reporter
- 26 Jun 2017ASIC extends super SOA deadlineBy Staff Reporter
- 26 Jun 2017CPA CEO receives $4.9m parachuteBy Aleks Vickovich
- 26 Jun 2017Countplus adds new member to boardBy Staff Reporter
- 23 Jun 2017ASIC bans former Suncorp financial adviserBy Staff Reporter
- 23 Jun 2017CommInsure cuts retail distribution teamBy Aleks Vickovich
- view all
