Eureka Correspondence

Social impact bonds and buying overseas equities.

Social impact bonds

I recently caught the end of a story on ABC radio's PM program about social impact bonds. I thought it might be an interesting topic for Eureka Report subscribers, and one that you could cover in some depth. Hope you can get around to this in the near future.

Bill Hawthorne

Editor's response: Thanks for your letter. We ran this story on the subject last year: Bonds for the better (October 15, 2014). We'll keep the topic in mind in future.

Overseas equities

John Abernethy in his latest article (Picking winners overseas, June 24) and Eureka Report in general for some time recommend to invest also in overseas equities.

The question is how to buy shares directly John mentions in his column.

I for myself trade international shares via a French German discount broker with an EU account (other major currencies are also possible and standard conditions apply with 0.25 per cent commission plus base fee of 4.95).

However, it would be a big advantage if I could have these shares in my Australian super fund.

Are there other options to buy overseas shares? (uncomplicated and reasonable brokerage)

Reinhold Betz

Editor's response: Thanks for your letter. Many large Australian brokerages allow local investors to open an international trading account. We have published an article with more details about this here: Buying overseas stocks: A Eureka guide (July 28, 2014). We've also published an article about tax implications: Buying shares offshore: Tax issues you need to know (January 21).