Written by Anne Schulze
New York, New York, 26 August 2024
Melbourne-based investment firm Income Direct has seen a marked increase in longer term placements as clients review their fixed income portfolios and seek to capitalise on higher interest rates.
Mr Gerard Sivaprasad, Income Direct’s Executive Chairman, said:
“Last year our average client term was a little over two years however this is steadily increasing closer toward three years. The market is clearly signalling that it expects interest rates to decrease in the coming months so people are locking in attractive longer-term rates now, while they can.”
Income Direct, the Australian subsidiary of Marbanc International, has experienced strong demand for its Fixed Income Accounts as Australian investors seek alternative ways to keep ahead of inflation.
Earlier this year the firm recently announced a series of investments in companies at various stages of growth including an over 50’s community and Telstra Award Winner, Chirpy Plus. The company’s recent investment in Solus Power, a London-based provider of portable electric vehicle chargers, recently attracted USD28 million of funding from a Dubai-based private equity fund.
Mr Sivaprasad said he and his colleagues at Income Direct are presently scouting deals in the South-East Asian market as part of its global diversification strategy.
“A key part of our strategy is to have diversified interests in addition to those we hold in Australia, the United States and United Kingdom. The South-East Asian market is on our doorstep and is home to a plethora of talented businesspeople, business growth opportunities, and a significant pool of capital.”
Income Direct’s Fixed Income Accounts offer rates between 5.95% to 8.75% per annum for terms ranging from six months to ten years. Unlike managed funds, Income Direct doesn’t charge setup, management or performance fees and quotes fixed interest rates as opposed to target returns which can be helpful for budgeting purposes.
About Income Direct
Income Direct provides fixed income products to clients seeking a capital-stable investment and competitive interest rates. Interest payments are available monthly or can be compounded and terms range from 6 months to 10 years. Income Direct accepts individuals, companies, SMSFs and trusts.
Contact
Gerard Sivaprasad, Executive Chairman Income Direct
gerards@incomedirect.com.au
https://incomedirect.com.au/
