Changes in the ASX Yield Market

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Changes in the ASX Yield Market

Michael Saba
   —   
1 month ago

Michael Saba from Arculus - Investor Webinar March 2026

About this presentation

Michael Saba, Portfolio Manager at Arculus Funds Management and speaker in the March Investor Webinar ‘Finding Value in Volatility’, unpacks the rapidly changing landscape of income investing on the ASX. He explains how the phased removal of bank hybrids is reshaping the yield market and creating new opportunities across bonds, ETFs, and listed investment trusts. Michael highlights both the benefits and complexities of these emerging structures, including liquidity, pricing, and income reliability considerations. He stresses the importance of understanding product mechanics, costs, and market behaviour when seeking yield. His key message is that while the income landscape is evolving, informed investors can still access attractive and diversified yield opportunities.

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Featuring

Michael Saba, Arculus
Michael Saba
Portfolio Manager, Arculus Funds Management

Michael has been active in the Fixed Income, ASX ETO and OTC markets for over 30 years as an analyst and broker at major Australian broking houses such as ANZ McCaughan and Goldman Sachs JBWere. From 2009-2019 Michael started and managed the Fixed Income and Equity Derivatives team at Evans and Partners. This involved overseeing the exchange traded and OTC debt and hybrid dealing desk for primary and secondary trading, as a Portfolio manager for a number of private and public fixed interest portfolios as well as an Equity Derivatives fund. Michael was a board member for Evans and Partners from 2015-2017. In the last 10 years Michael has sat on various investment committees in both professional and volunteer roles. Michael has a Ph.D in science from Monash University and a Masters in Applied Finance from the University of Melbourne.

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