31.07.2009 - Future Fund warms to bank debt
From Watoday.com.au: The $58 billion Future Fund is prepared to start wading back into the market to invest in bank debt that doesn’t carry the backing of a Government guarantee. The indication of the fund’s stance by chairman David Murray underscores growing confidence among major debt investors in the health of the banks. This attitude is likely to lead to cheaper pricing for their wholesale funding..........Full Article: Source