Australian fund bets on US company bonds as tax cuts loom
QIC's debt funds have beaten their respective benchmarks in 2017 after favouring investment-grade corporate bonds
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Sydney
US lawmakers will succeed in inking a US$1.4 trillion deal to slash corporate taxes by early next year. American companies with solid balance sheets will be the biggest winners and pose some of the best credit investments in 2018.
That's the conviction of QIC Ltd, one of Australia's biggest money managers overseeing A$82 billion (S$83.9 billion) in assets. It also comes at a time when Senate Republicans can afford to lose no more than two votes among their ranks to pass the tax measures without Democratic help this week.
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