XTB co-founder Richard Murphy said the doubling of the funds under management (FUM) was “testament to the broadly-held vision across the industry” that investors are seeking access to corporate bonds through the ASX.
“Before XTBs there was a gaping hole in ASX’s range of individual securities. There was nothing between low-risk government bonds and much more capital-volatile hybrids and equities,” he said.
“Corporate bonds are the missing link. They sit just above government bonds and TDs in risk terms, but well below more risky hybrids and equities.”
The company said an expansion of its product line is due in the coming weeks, saying it has created “a number of new solutions to make corporate bonds more accessible”, including model-portfolio separately managed accounts for use by investors and financial advisers.
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