ASX, REITs, Infrastructure, politics and more

In this week's Facebook Livestream, we discuss the ASX, combining REITs with infrastructure, politics,  and more.

• Two weeks ago I asked you to comment on Multiplex SITES - ASX CODE: MXUPA as a source of unfranked income. You replied that you knew very little about them other than their current yield was 5.,9%. In last Saturday's overview you listed a number of companies that you would consider to invest in for unfranked income, most were property trusts. Multiples sites are a floating rate hybrid 100% owned by Canadian infrastructure giant Brookfield. They are floating rate so unlike property trusts are unaffected by interest rate rises. The 5.9% yield you mentioned is based on the base value of each $100 unit sop at their current price ~$78 they yield 7.5%. they have been around for quite a long time and never missed a payment even during the GFC. I think the credit rating of Brookfield is also probably higher than most property trusts and australian infrastructure companies. As a disclosure I own them and will continue to hold them as a reliable source of income.

• In your conversation with Peter Hiom, both of you spoke confidently about a "distributed source of truth" without explaining what you meant. Please explain exactly what this will mean to someone like me wanting, say, to check whether a share purchase order he submitted has been executed and at what price. Currently I would trust the ASX (and an intermediary broker) to reliably provide that information. How will that change if the CHESS system is replaced by a distributed source of truth? And why should I trust the information that comes to me unmediated in this way?

• I was interested in your recent interview with Royston Capital re combining REIT with Infrastructure to lower volatility and boost returns. Seems to me such a strategy could be a good defensive component in super. They said most investors usually have 10-20% allocated to this however I was thinking a retiree looking for capital preservation might be better with a higher allocation % (especially now as cash/fixed interest returns are so low)? What are your thoughts on that? More generally, do you think infrastructure investment options in super funds are likely to benefit from the related budget announcements around this? Hostplus for example has an OZ infrastructure fund with 50/50% listed/unlisted assets.

• What are your thoughts on the WAM Global offering?

• What are your thoughts on Investsmart Equity Invest Managed fund (INIF)?

• Being an investment service and advisor how can you support the Labour Party's intention to increase capital gains tax, eliminate negative gearing and cut out franking credit rebates ? Surely each of these policies would have a detrimental effect on investments notwithstanding any long term economic benefits?

• Do you have any thoughts on Square Peg Capital? I'm meant to be at a seminar with Paul Bassat today at 1pm but think I'm going to miss it. Your unbiased opinion would be good.

• Thoughts on vmin and vvlu?

• Not sure if you are following the bid for Healthscope? Australia Super has joined one of the bidding parties. Will this not result in a conflict of interest if the competing bid is higher than their bid which one will they recommend? I feel this is similar to when the Industry Funds gives up their shares to the shorters. Are they acting in the best interest of their members. Perhaps you can interview the CEO from Australian Super?

• Any thoughts on the upcoming Raiz/Acorns IPO?in running a SMSF. Hopefully it is a fair way down the track.