Franking credits hindering corporate bond market: AMPBY JAMES FERNYHOUGH | FRIDAY, 6 DEC 2013 12:40PMThe franking credit system is hindering the development of a vibrant corporate bond market in Australia, according to AMP Capital's head of credit markets Jeff Brunton. Related News |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
No, that's not right. The franking credit system in aggregate has been largely beneficial. It's too myopic for a bond person to say that franking credits are detrimental to the bond market. The truth is, forward looking returns for bonds and cash are low. Equities have run, and retail investors are following the returns (albeit, probably too late)