Global X ETFs Australia appoints Stephen Parker as new Portfolio Manager

In line with this positive market momentum, Global X ETFs Australia is extending its team to further strengthen its range of industry-leading investment products, welcoming Stephen Parker as new Portfolio Manager.

Stephen Parker will be responsible for funds management, reconciliation, and reporting, and brings nearly a decade of experience in financial services. His previous roles as Portfolio Manager at Coolabah Capital Investments and Futures Trader at Star Beta, paired with his impressive academic background – a Ph.D. in Astrophysics and a Bachelor of Science (Advanced) from the University of New South Wales – position him uniquely to drive innovation and optimise portfolio performance. His strategic vision and deep understanding of market dynamics will be instrumental in enhancing Global X’s product offerings, equipping him to deliver superior returns to investors.

Parker’s appointment coincides with the launch of the new Global X Australian Bank Credit ETF (ASX: BANK), providing a first-to-market diversified solution enabling investors to combine three different fixed income security types dedicated to Australian banks across the capital stack into one cost-effective index-based product listed on the share market.

Australian banks are some of the highest-quality financial institutions in the world, recognised for their lower risk and strong capital positions. They are paying attractive yields on some of their fixed income securities like senior bonds, subordinated debt and hybrids, which are higher than what their term deposits are offering.

While these securities were once hard to access by everyday investors, ETFs have democratised access to this asset class, making fixed income easier, more liquid and cheaper to manage.