Close
About Funds Services SIV Market Updates Contact

Click below for our update

 

MIF Monthly Update – October 2019

 

MIF delivered 0.28% for October, taking the quarterly return to 0.56%.  The strong month was driven by the performance of recent AUD Tier 2 issuance.  The spread compression was a result of the on-going hunt for yield, a theme expected to continue as the RBA contemplates further cuts to the cash rate and the possible introduction of unconventional monetary policy.