Coolabah Floating-Rate Hi Yld AI Class
ETL5010AU
Coolabah Floating-Rate Hi Yld AI Class ETL5010AU Strategy
The Fund focusses on generating higher income than other traditional fixed income investments by investing in a portfolio of investment-grade Australian Floating-Rate Notes (FRNs) and enhancing the yields (or interest-rate) through the use of gearing (or leverage). The FRNs will predominately be Australian bank-issued senior and Tier 2 bonds with an average rating of “A”. However, the Fund also has the capacity to invest in government bonds and corporate bonds.
The investment objective & strategy is a summary of the investment's principal strategy as written in the prospectus. This information is pulled from the most recent product disclosure document.
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Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,589.40 | 2.70 | 0.03% |
| CAC 40 | 7,734.40 | 130.04 | -1.65% |
| DAX 40 | 23,629.58 | 369.59 | -1.54% |
| Dow JONES (US) | 41,603.07 | 256.02 | -0.61% |
| FTSE 100 | 8,717.97 | 21.29 | -0.24% |
| HKSE | 23,497.33 | 103.93 | -0.44% |
| NASDAQ | 18,737.21 | 188.53 | -1.00% |
| Nikkei 225 | 37,384.74 | 224.27 | 0.60% |
| NZX 50 Index | 12,568.80 | 27.70 | -0.22% |
| S&P 500 | 5,802.82 | 39.19 | -0.67% |
| S&P/ASX 200 | 8,361.60 | 0.70 | 0.01% |
| SSE Composite Index | 3,355.66 | 7.29 | 0.22% |