The NSW government budget was delivered last week and it announced a headline surplus of $2.1bn (vs $0.3bn previously). The 2015/16 borrowing requirement would be $7.3bn and this compares to the $4.3bn NSWTC requirement in 2014/15. NSW is rated AAA/Aaa by S&P and Moody’s and after the budget was tabled, both Moody’s and S&P immediately stated NSW’s rating would not be affected. The budget showed surging revenues from property stamp...
| Domestic Income Funds | Yield* | Assets |
|---|---|---|
| Coolabah Floating-Rate High Yield (Mngd)-Ast Inv | 9.19% | Alternative Fixed Income |
| Coolabah Short Term Income (Managed) | 5.42% | Alternative Fixed Income |
| Coolabah Short Term Income-Assisted | 5.82% | Alternative Fixed Income |
| Coolabah Short Term Income-Direct | 5.42% | Alternative Fixed Income |
| Finexia Childcare | 10.00% | Childcare Credit |
| Finexia StayCo | 10.00% | Accommodation |
| Society One | 10.00% | Alternative Fixed Income |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24