The third annual Asia-Pacific Wealth Report reveals Australia’s high-net-worth population rose 7.1 per cent in the year ending December 2007, and their combined wealth swelled 7.8 per cent to US$550 billion (A$657bn). The report covered nine key markets including Australia, China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan.
Investment
How high-yield credit investors are playing the AI megatrend
While usually seen as the domain of equity investors, T. Rowe Price portfolio manager and vice president Mike Della Vedova says high-yield bonds are emerging as a unique exposure to megatrends like artificial intelligence and GLP-1 drugs. Large-cap stocks like Nvidia may provide the “picks and shovels” to the AI gold rush, but smaller companies with sub-investment grade credit profiles are providing the handles and heads, he says.
Aleks VickovichOctober 9, 2024
