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Michael Korber: why the outcome for credit markets ‘looks good’

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Why should investors consider exposure to credit markets right now? That’s something Michael Korber – Perpetual’s managing director, credit and fixed income – explains on Livewire.

  • Floating rate credit offering attractive absolute returns
  • Australian market less volatile, offers a robust legal framework
  • Find out more about the Perpetual Credit Income Trust

Below, Michael discusses the value floating rate credit could offer investors and how his team has embraced a “whole universe” of opportunities to generate returns. He also shares some examples of high-conviction investments within the Perpetual Credit Income Trust (PCI) portfolio, including some products with the potential to generate up to 9% in yield.

“At this point in the cycle, we think the total returns are really strong, the predictability of returns is really high and the outcome for investors is looking pretty good,” he says.

Tune in to hear more.

See more on Livewire Markets.

Michael%20Korber.jpg
Michael Korber
Managing Director, Credit & Fixed Income
BEc
Michael Korber
Michael%20Korber.jpg

Michael Korber

Managing Director, Credit & Fixed Income BEc
Bio

Years of experience: 43

Years at Perpetual: 20

Michael Korber is Managing Director, Credit & Fixed Income and is responsible for the ongoing strategic review and development of process, reviewing the weekly credit process and reviewing the analysis of all new credit securities. Michael joined Perpetual in August 2004.

Michael has over 40 years industry experience and prior to joining Perpetual worked as the first Head of Credit at Macquarie Funds Management, spending six years developing its credit investment processes and building the business from inception to over $7 billion in funds under management.

Prior to this, he spent seven years as Divisional Director in Corporate Banking and four years as second in charge to the Head of Macquarie Bank Credit. Earlier, he had spent five years as a Credit Analyst with Westpac Corporate Banking.

This article has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426. PIML is the investment manager, responsible entity (RE) and issuer of the Perpetual Pure Credit Alpha Fund ARSN 121 609 747 (Fund). Perpetual Trust Services Limited ABN 48 000 142 049, AFSL 236648 (PTSL) is the RE and issuer of the Perpetual Credit Income Trust ARSN 626 053 496 (PCI). PTSL has appointed PIML to act as the manager of PCI.

This article is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The information is believed to be accurate at the time of compilation and is provided in good faith. Any views expressed in this article are opinions of the author at the time of writing and do not constitute a recommendation to act.

The product disclosure statement (PDS) for the Fund, issued by PIML, should be considered before deciding whether to acquire or hold units in the Fund. The PDS and Target Market Determination for the Fund can be obtained by calling 1800 022 033 or visiting our website www.perpetual.com.au. Before making any investment decisions you should consider the PDS for PCI (dated 8 March 20) issued by PTSL and the Trust’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.perpetualincome.com.au or can be obtained by calling 1300 778 468.

No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of the Fund or PCI or the return of an investor's capital. This information does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of PCI’s units.