QIC QPod

Listen to QIC’s Director of Global Absolute Return ＆ Income Funds, Paul Nicholson as he touches on the issues that cash managers may currently be facing as well as other investment themes.

-The monetary response and the impact COVID-19 has had on the RBA rate and cash yields

-The balancing act investors have to undertake when cash held with the RBA hit $85b

-Alongside this yield curve control recently cash held with the RBA hit $85b whereas before COVID19 it was just 5b.

-What cash investors can do in a low interest rate world to boost income whilst retaining liquidity

-Investors navigating market volatility and risks to achieve higher yields

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Robert Swan, the Head of Risk Premia & Equities at QIC, provides investors with insights following the recent fall in oil prices. He highlights some of the opportunities investors can consider when looking at the oil markets, and the role oil plays within a typical balance fund portfolio. Robert covers a range of topics including:

-The effects that COVID-19 has had on global supply and demand for oil

-How other governments have responded and have used the opportunity to increase its strategic supply volumes

-The liquidity and risks with oil and energy contracts

-What institutional clients should be aware of with opportunistic movements

-What other ways you can use contracts to unlock premia in the market

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Today’s QPod features QIC Executive Director of Human Resources, Glenn Jackson. Listen to the discussion as he takes us through the dramatic change QIC employees faced amidst the COVID-19 lockdown. Glenn also breaks down the importance of strong organisational culture and community, particularly during prolonged phases of isolation. Other topics he discussed with our General Manager for Marketing and External Communication, Marc Joshi include:

-Building culture with a remote work force

-The role of technology and flexibility in the transition to working-from-home

-The vital importance of communications

-Flexibility in a post-COVID world

-The principles QIC is adopting when planning the return to a “new norm”

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

QIC’s Liquid Markets Group takes a timely look at the liquidity challenges that institutional investors are facing during this current COVID-19 market crisis.

QIC’s Director of Overlay Solutions and Implementation, Scott Rissman, talks to:

-The main drivers behind the desire from institutional investors to create more liquidity in their portfolios

-The challenges these investors might face with this need to create or find liquidity

-The options portfolios have besides selling off assets to create liquidity

-How an overlay program can maintain SAA while generating liquidity for funds

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

QIC's Stuart Simmons, Head of Currency, discusses the latest COVID-19 updates and currency market impacts and provides a breakdown of the elevated rate of infections in the U.S. – which has been flagged as a recurring theme in the second half of the year.

Beverley Morris, Director of Fixed Income & Absolute Return, discusses the weekend's bond market activity, which are caught between monetary and fiscal policies.

Credit markets reacted to news from the Fed in regards to primary and secondary market corporate credit facilities beginning to purchase in early May. Richard Garland, the Senior Portfolio Manager & Research Analyst of Global Credit talks more to this, with a further breakdown from Phillip Mall, the Director of Credit, and Paul Nicholson, the Director of Global Absolute Return & Income Funds.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

Tune in to this week’s Market Moment, as our Liquid Markets team provides an update on the latest themes regarding equity, fixed income, commodity, volatility and currency.

This week, the team elaborates on the market impacts arising from Europe and Japan’s fiscal stimulus plans, the expanding civil unrest in American cities, and the spread of COVID across Americas. Tune in to hear more on:

- Latest COVID-19 updates, asset market performances and themes, and domestic and global updates

- Policy and economic update with what’s in the week ahead for the RBA and ECB

- A review of the equity market

- A macro credit update focusing on U.S. issuance

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

As we start the week, we ask: does it feel like déjà vu?

We have seen global equities rebounding, positive returns from global bonds as credit performance underpins broad bond indices, and positive movements across different sectors. Yet COVID-19 continues to spread, reaching over 10 million cases globally, which is creating an uneven and challenging economic recovery. This week the team look forward and decipher what this might mean for investors, what the trends are, and speak to the following points:

- Qantas announcement – Their latest response to the pandemic included substantial equity raising and a three-year recovery plan targeting significant cost savings

- Macro credit update – with credit outperforming and a strong demand for credit persisting

- An update on the European markets and the ECB

- Equity market performance.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

In today’s Market Moments, our Liquid Markets team updates on all things equity, fixed income, commodity, volatility and currency.

As we see confirmed global COVID cases nearing 9 million, we find the markets stuck in a heavy tug of war, between optimistic recovery and fear of reintroducing COVID restrictions. Whilst immense policy stimulus across fiscal and monetary policy and easing of social restrictions aid the economic recovery, investors are aware of the potential for a second wave pandemic, along with the accompanied economic challenges, and the current unhealthy level of retail investor participation in some segments of the market.

Tune in this week to hear the team talk to:

- The bullish and bearish narratives different sectors are presenting

- The rise and fall of global equity and commodity markets, noting demand for precious metals

- The boom in retail sales and the early growth against original forecasted figures

- Fed commencing its secondary market credit bond purchases.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

QIC's Stuart Simmons, Head of Currency, discusses the latest COVID-19 updates, asset market performances and themes, and domestic and global updates, touching on the deteriorating geopolitical environment, particularly around U.S. and China, having escalated with China introducing national security laws into Hong Kong.

Beverley Morris, Director of Fixed Income & Absolute Return, speaks to the Friday announcement where the Treasury discovered the likely amount of employees covered was 3.5 million instead of their initial estimate of 6.5 million due to errors in applications, and further elaborates on the outlook of the job-keeper program. Beverley also provides an update on Australian bonds, noting bond market issuance is going to be lower due to this news, as bonds rallied in Australia on Friday.

Andrew Whittaker, the Senior Portfolio Manager of Fixed Income, dives into the prospects for yield curve control, following interesting developments in the policy front in U.S. as they might look to implement macroeconomic based guidance, with reference to yield curve control.

Paul Nicholson, the Director of Global Absolute Return & Income Funds provides an update on the ECB, and Franco-German debt deal following €500 billion of grants, where Wolfgang Schäuble has backed this deal stating it is not a mutualisation of the old debt but the new.

Richard Garland, the Senior Portfolio Manager & Research Analyst of Global Credit, provides a macro credit update focusing on credit spreads and high yield markets. Stephen Holmes, the Global Credit Income Manager & Senior Research Analyst, talks to China shifting their tactics to stability over growth.

Listen to find out more on these topics.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.

QIC's Stuart Simmons, Head of Currency, discusses the latest COVID-19 updates, asset market performances and themes, and domestic and global updates, highlighting a difficult week for risk assets and touching on the tensions brewing between US and China.

Beverley Morris, Director of Fixed Income & Absolute Return, provides an update on US data regarding retail sales and industrial production, noting the trends in data are following the trends in the virus. Beverley also provides an update on Australian bonds, noting the movements of the RBA.

Andrew Whittaker, the Senior Portfolio Manager of Fixed Income, elaborates on the pricing of the negative US rates, as the federal fund futures curve started to price in negative interest rate by late 2020. Richard Garland, the Senior Portfolio Manager and Research Analyst of Global Credit, provides a macro credit update highlighting the ETF buy in that started last week.

Stephen Holmes, the Global Credit Income Manager & Senior Research Analyst, talks to GDP growth in China, what their expectations are, and the potential announcements from Premier Li Keqiang. Paul Nicholson, the Director of Global Absolute Return & Income Funds provides an update on the European markets. Listen to find out more on these topics.

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website www.qic.com or contact us directly.