Business Services Industry
Funds caught on the back foot but manage a quarterly gain.
Australasian Business Intelligence, June, 2007
Byline: Philip Baker
Jun 19, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Australian bond fund managers returned an average 1.4 per cent in the March 2007 quarter. This was the same as the benchmark UBS Warburg Composite Index. Cash returned 1.6 per cent during the same period. Traders were confused about possible changes to interest rates, according to State Street Global Advisors. Yields for 10-year government bonds fluctuated between 5.61 and 5.9 per cent but have since pushed through 6.0 per cent. Bonds are being ignored as other asset classes perform strongly.
Publication Date: 20 June 2007
STATE STREET GLOBAL ADVISORS AUSTRALIA LIMITED
UBS WARBURG COMPOSITE INDEX
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