Corporate bond provider XTB has announced that its portfolios were able to outstrip all relevant bond indices within a 12-month period, exceeding the said indices at 175 per cent.
XTB’s Fixed Rate Model Portfolios outperformed a total of four comparative and popular ETFs and ETPs by 350 basis points, or 3.5 per cent, on an after-basis during the 12-month period, which ended 31 August, the company has announced.
XTB co-founder and chief executive Richard Murphy said XTB’s trading performance on a relatively low interest rate setting says a lot about how this year turned out for the company.
“With interest rates at historic lows and term deposit rates at their lowest levels since figures began, many investors are looking for an alternative defensive investment,” Mr Murphy continued.
XTB has also launched SMAs on the Macquarie Wrap and Praemium platforms, while also making XTBs accessible on AMP North Super and Allocated Pension Platform.
Advocacy group Super Consumers Australia has backed ASIC’s action against Equity Trustees, calling for super fund ...
After previously banning four of its advisers, ASIC has continued its enforcement spree on MWL Financial Services for ...
As the financial advice profession still attempts to claw back ground lost in the wake of the royal commission, costs ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin