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Fixed Income Investors Find Success in Australian Bonds

Australia
Australia

Fixed-income investment firms have found the global marketplace, specifically non-dollar bonds, pretty successful, as opposed to bonds in the United States, Jason Brady, head of fixed income at Thornburg Investment, told CNBC on Tuesday.

"I wouldn't say it's a hedge, because there are no great hedges in this world, but it's been a nice balance," Brady said.

"Australian non-dollar bonds is an example. Over the last couple of months, they have done very well because they are dominated in Australian dollars, whereas U.S. dollar bonds have done poorly because interest rates have moved higher," he said.

"If you have a global investment thought process, you can go all over the world and look at some pretty interesting companies that are paying pretty significant income," he said, adding, "I think a lot of investors miss that opportunity."

"On the other side, dividend paying stocks really present an opportunity for investors," Brady said.


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