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The Great Transition Series
A blog series detailing the state of the US and Japanese economic landscape
Our investment capabilities span equities, fixed income, real assets and alternatives
Focused on hard currency sovereign and corporate debt and local currency markets
Manages highly diversified global corporate bond portfolios that capture the credit premium offered in the market.
Investments into fixed income allow investors to diversify and protect their portfolios.
Fixed income idea generation that operates free from traditional parameters such as region, sector, rating, and benchmark constituents
High Yield corporate bonds typically offer higher yields, with less duration than most fixed income alternatives.
Advising and designing bespoke investment solutions
A proven track record in managing cash funds
Two of the largest investment teams covering Australian equities
First State Stewart Asia manages Asia Pacific and Japanese equity strategies.
Combining infrastructure experience with investment management expertise
Global property securities specialists located in major property markets
Investing in equity portfolios covering hard commodities
Focused on partnering with clients to provide tailored Smart Beta solutions
Stewart Investors manage Asia Pacific (ex Japan), Global Emerging Markets, Worldwide and Sustainable Development equity strategies
Focused on core infrastructure and a highly active asset management approach
We aspire to be a global leader in responsible investment and continually strive for improved practices in Environmental, Social and Governance (ESG) integration
Each year we report on our progress, providing evidence of how we are delivering our RI objectives and the investment outcomes that flow from it
Read about our company, corporate vision and values, management team and related businesses
Latest press releases and company announcements
Information about the Foreign Account Tax Compliance (FATCA).
High Yield bonds are defined as corporate bonds rated below 'BBB−' or 'Baa3' by established credit rating agencies. High yield corporate bonds typically offer higher yields with less duration than most fixed income alternatives. We view this relatively high “income premium” and lower price sensitivity to rising interest rates as potentially attractive attributes of high yield corporate bonds.
It is important to note that relatively high yields reflect the relatively higher risk of high yield corporate bonds.
First State Investments’ High Yield team aims to achieve superior risk-adjusted returns with lower volatility than the high yield market.
The team uses a collaborative, disciplined investment process with the core focus on risk control.
Martin Lau, Managing Partner at First State Stewart Asia, talks about what he looks for in Chinese stocks and some of the challenges of being a long-term investor in the market.
After a very slow start to its monetary policy normalisation process, with only one rate hike in both 2015 and 2016, the US Federal Reserve (the Fed) today entered a new, more active phase for monetary policy.
As is the case each January, in this edition of First Insights, we discuss the key themes and risks for the year ahead. 2017 looks set to be dominated by President Trump and his plans for significant fiscal policy easing in the US.