Key Points:
- The search for assets providing decent investment yield is continuing. The aging population is playing a role but the main drivers are low interest rates and bond yields.
- With global growth remaining uneven and inflation falling again, global and Australian monetary tightening remains distant so a sharp back up in bond yields threatening investments such as shares, commercial property and infrastructure still looks a way off.
- A range of assets continue to provide attractive yields relative to low cash and term deposit rates.
