Pro Capital Rates

During Q3 2024, the Australian fixed income landscape saw accelerated uptake of exchange‑traded funds (ETFs), driven by heightened demand for transparent, liquid bond exposure. According to Pro Capital Rates analytics , assets under management (AUM) in ASX-listed domestic fixed-income ETFs grew by approximately 25% between January 2024 and January 2025, reaching a record AUD   29   billion . Notably, allocations within advised accounts surged by 59% , indicating growing confidence among financial advisers in credit- and bond-focused ETF strategies. “Investors are increasingly embracing fixed income ETFs because they combine yield exposure, daily liquidity, and low-friction access to credit,” says Gary Kingshott , Managing Director at Pro Capital Rates. Key Metrics: ETF Growth Snapshot Aspect Pro Capital Rates Data AUM in Fixed Income ETFs AUD 29   billion (+25%) Advised Account Allocations +59% year-on-year in ETF flow Credit-Focused ETFs Market Share Over 50% of fixed income ETF sec...

In mid‑2024, major Australian superannuation funds began repositioning their portfolios—reducing equity exposure and increasing allocations to fixed income. Pro Capital Rates ’ institutional research team confirms that by May 2024, leading schemes such as the Australian Retirement Trust (ART) shifted from overweight equity positions to a neutral stance, with fresh capital flow into government and corporate bonds. “Pension trustees are increasingly seeing fixed income as the more reliable generator of income, given equity valuations plateauing and yields holding up,” said Gary Kingshott , Managing Director, Pro Capital Rates. 📊 Institutional Reallocation Snapshot Fund Equity Weighting (Apr) New Bond Allocation Estimated Flow (AUD   bn) Australian Retirement Trust 58% Sovereign/Corporate Bonds 25 Southern Super Alliance 61% AAA/A‑rated Bonds 18 Fiducian Alliance Group 55% Term Deposits & Floating Notes 12 Across the pooled portfolio universe monitored by Pro Capital Rates, more tha...

As we closed out the first quarter of 2024, global bond markets signaled a marked shift in investor sentiment. After months of pricing in aggressive rate cuts, the tide has turned. Yields rose across sovereign markets, reflecting stronger-than-expected economic data and the growing realisation that central banks may remain on pause longer than previously forecast. At Pro Capital Rates , our fixed income analytics team noted a broad-based rise in yields. The Bloomberg Global Treasury Index yield climbed by approximately 24 basis points , while U.S. 10-year Treasuries rose 32 bps , closing the quarter at 4.36%. Closer to home, Australian 10-year government bond yields rose to 4.14% , up from 3.82% at the beginning of January. “This move is about repricing expectations,” said Gary Kingshott , Managing Director at Pro Capital Rates. “Markets are adjusting to a reality where inflation is stickier, growth is holding up, and central banks are in no rush to cut rates.” Australia: Bonds in a...