September 2015

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During September funds in the YieldReport survey reported modest net inflows equal to just under 0.5% but within that net figure were some significant inflows and outflows. Corporate bond spreads generally widened over the month and this is reflected in the funds which received inflows or suffered outflows. The Russell Australian Select Corporate Bond Fund ETF had outflows equal to 15% of the fund as investors switched to funds with heavy weightings in government securities such as the Vanguard Australian Fixed Interest Index ETF. Funds such as Vanguard’s are currently approximately 90% invested in Commonwealth Government securities and hence considered more of a “safe haven” asset.

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ASX CASH BOND ETFS September 2015

NAMESYMBOLCLOSE
PRICE
1m (%)1y (%)MER (%)FUND
SIZE ($m)
BetaShares Aust High Int CashAAA50.170.212.970.18706.61
SPDR S&P/ASX Aust BondBOND26.020.676.490.2415.78
SPDR S&P/ASX Aust Govt BondGOVT25.850.676.730.225.21
iShares Composite Bond ETFIAF106.600.626.130.24222.09
iShares Treasury ETFIGB104.390.726.270.2616.42
iShares Govt Inflation ETFILB114.320.586.430.2639.90
Russell Aust Select Corp Bond ETFRCB20.21-0.124.510.2872.98
Russell Aust Govt Bond ETFRGB21.520.288.620.24146.11
Russell Aust Semi-Govt Bond ETFRSM20.630.066.040.26118.09
Vanguard Aust Fxd Int Index ETFVAF50.270.246.750.20244.77
Vanguard Aust Govt Bond Index ETFVGB49.450.287.170.2056.53
*1m/1y performance as at end of August 2015. Closing price as at month end. Return in AUD before fees.

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