Close
Leave Feedback
Welcome to the new btim.com.auTake a two minute tour to see what we've changed
Hi there! Welcome to the new look Pendal website... Take a two minute tour to see what we’ve changed.
Mainstream Online Web Portal
LoginInvestors can view their accounts online via a secure web portal. After registering, you can access your account balances, periodical statements, tax statements, transaction histories and distribution statements / details.
Advisers will also have access to view their clients’ accounts online via the secure web portal.
The Point
Quick, actionable insights for investors
Income and Fixed Interest
Amy Xie Patrick: China, the US, and the value of uncertainty
This month’s divergence in US and China rates policies wasn’t just a curiosity for money managers, observes Pendal’s head of income strategies, Amy Xie Patrick.
“It’s a study in contrasts, a reflection of deeper structural differences, and a reminder that policy effectiveness doesn’t always come wrapped in transparency or even democracy,” says Amy in her latest markets analysis.
On May 7, the US Fed left rates unchanged despite growing political pressure. Meanwhile, the People’s Bank of China delivered another dose of stimulus.
“One central bank faced market criticism over its non-committal guidance,” notes Amy. “The other moved swiftly and silently, without needing to justify its decision.
“Perhaps the most contrarian yet valuable takeaway is that less policy guidance may be a good thing.
“By avoiding the hard task of forecasting far into the future, we free ourselves from unhelpful narratives may that turn out to be false.
“By focusing on getting it right rather than always being right, we’re able to preserve the flexibility to change course when the fundamentals change.”
Read Amy’s full article here
Pendal profile: Meet our Income and Fixed Interest team
Quick view
Pendal profile: Meet our Income and Fixed Interest team
The Income and Fixed Interest team discuss the deep expertise, diversity of thought and disciplined decision-making driving outcomes for investors
Tim Hext: Inflation data shows Australia is in pretty good shape with reasons to be optimistic
Quick view
Tim Hext: Inflation data shows Australia is in pretty good shape with reasons to be optimistic
Tim Hext: Art of the deal or new world order?
Quick view
Tim Hext: Art of the deal or new world order?
Tim Hext: What Trump’s tariff formula means for markets
Quick view
Tim Hext: What Trump’s tariff formula means for markets
Tim Hext: Federal Budget – the three things that matter most to the bond market
Quick view
Tim Hext: Federal Budget – the three things that matter most to the bond market
Here are the key takeaways from the Federal Budget and February’s inflation data, according to head of government bond strategies TIM HEXT
Tim Hext: In the midst of chaos, staying focused on Australian data is crucial
In the midst of Trump-driven market turmoil, staying focused on Australian data remains crucial, says Pendal’s head of government bonds TIM HEXT
Tim Hext: Three key takeaways from Australia’s latest national accounts data
Quick view
Tim Hext: Three key takeaways from Australia’s latest national accounts data
Australia’s latest national accounts show GDP growth at 0.6% for the December quarter, suggesting economic conditions may be moving closer to “normal”.
But we may be “running to stand still” unless productivity starts improving, warns Pendal’s head of government bonds Tim Hext.
Tim has three takeaways from the latest data:
- The consumer is finally emerging, albeit tentatively, as a positive impact on the economy. Household consumption grew by 0.4%, contributing 0.2% to the 0.6% overall GDP growth. The contribution had been near zero over the previous year.
- Governments are still a big driver of GDP, even though their consumption and investment are falling. “Government needs to keep moderating spending and investment if the re-emerging consumer is to avoid causing inflationary pressures,” says Tim.
- Productivity continues to flat-line. GDP per hour worked fell again and was 1.2% lower over the year. “Unless we can start improving productivity, we will be running to stand still.”
On-demand webinar: How to position portfolios for a falling-rates environment
Quick view
On-demand webinar: How to position portfolios for a falling-rates environment
A gradual rate cut path over 2025 should support economic growth, meaning investors should think carefully about fixed-income positioning. Pendal’s TIM HEXT and ANZ’s ADAM BOYTON explain in a new webinar
Tim Hext: Inflation data ‘good news’ for the RBA
Quick view
Tim Hext: Inflation data ‘good news’ for the RBA
Tim Hext: Markets ‘complacent’ about tariffs and taxes
Quick view
Tim Hext: Markets ‘complacent’ about tariffs and taxes
Amy Xie Patrick: Finding the ‘sweet spot’ for fixed income funds
Quick view
Amy Xie Patrick: Finding the ‘sweet spot’ for fixed income funds
Many fixed-income investors will soon be looking for new opportunities as prudential regulator APRA starts to phase out bank hybrids from 2027.
Bank hybrids have been a popular cornerstone of income-generating portfolios. But did they truly live up to their promise – and is there a better strategy?
Pendal’s head of income strategies Amy Xi Patrick answers both questions in a new article.
Amy argues bank hybrids are ill-suited to serving a defensive role; not as easily bought and sold as investors might believe; and may not meet their “higher income potential”.
Investors can find better alternatives, she believes
“We start by mapping investment objectives to assets that have a proven track record of delivering against those objectives.
That means we don’t have to accept market narratives about hybrids (or any other asset types) that have not been entirely accurate.”
In this article, Amy describes a portfolio construction method she believes is better suited to producing a regular, stable and repeatable income stream and capital growth to help offset the effects of inflation.
Read the article
Loading posts...
Loading posts...