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Sovereign wealth funds show renewed interest in Australian bonds

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01/25/2012 by News Aggregation Team

AUSTRALIA'S emerging status as a safe haven is drawing fresh interest for government bonds from overseas investors, including sovereign wealth funds and central banks, according to the head of the resource-rich nation's debt agency.

Said Robert Nicholl, chief executive of the Australian Office of Financial Management: "This trend remains and we are aware of some public sector funds (that) are potentially about to become 'new' investors, as well as some private fund investors.

The Canberra-based AOFM is the funding arm of the federal government.

Click here to read the full story : The Australian

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