Likewise for the diversification. The withdrawal from refining brings a bit less volatility.
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I think this is a good time to be leaning into more bonds at these sort of levels as I think the Bear is well and truly in charge of the market for at least the rest of 2022 and maybe some of 2023 as well. Bonds have had the worst start to the year in many decades so I think high quality medium term corporate bonds are good buying here at over 5%. I prefer rated bonds with companies that have an extremely robust and well proven business model that will survive any financial conditions.
The Christchurch Airport 5.18% 19/5/2028 issue was scaled (for me at least) by 50%!
CHI020. Not scaled. I got what I applied for.