Eureka Correspondence

Bank hybrids, international portfolios and small investors.

Bank hybrids

Are you planning to comment on the ANZ Capital Notes 3 issue?

Can you comment on why CBAPD is trading so poorly?  Is it essentially a “risk” issue? 

Jon

Editor’s response: Thanks for your letter. Last week we published some comments on the ANZ Capital Notes 3 issue and CBA's PERLS VII hybrid note: The alternatives to bank hybrids, February 11.

International portfolios

What is the Eureka Global Equities Portfolio?

Is it a fund?

Is it only an example?

Jon

Editor’s response: Thanks for your letter. In January our international equities specialist Clay Carter proposed two high-conviction offshore portfolios to readers. Each one is a list of 10 stocks that he recommends. The details are here: The high conviction offshore portfolio, January 12.

While we hope you find the recommendations useful, any investment decisions are ultimately yours to make. 

Small investors

I would like Eureka Report to campaign against the dilution of shareholdings of SMSFs when companies place shares with institutions and sophisticated investors to the exclusion of small investors and SMSFs. I wrote to Bentham IMF late last year as they have changed the investment landscape in relation to continuous disclosure.

Also Robert Gottliebsen is also well connected and maybe able to put the case for SMSFs and investors.

Keith