Scott Rundell, CIO of Mutual Limited, addresses the income challenge faced by retirees, noting the volatility of bank stocks despite consistent dividends. He highlights floating rate notes (FRNs) as a more stable alternative, offering lower capital risk and quicker recovery during market disruptions.
Scott also notes the strength of the Australian FRN market, with over $250 billion issued by major banks, providing strong liquidity and reliable access to capital. He emphasizes that FRNs offer predictable income and capital stability, making them well suited for income-focused portfolios.
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Updated: 03 Jul 2026
