InvestSMART Hybrid Income Portfolio

We've made changes to the Hybrid Income Portfolio

Security

Prev Weight

New Weight

MQGPB

4.9%

3.5%

NABPB

6.4%

5.2%

WPCPG

7.2%

9.6%

 

We’ve trimmed our position in MQGPB. With no distributions due until March 2018, we feel spreads are tight when compared to the major banks.

We’ve also trimmed our position in NABPB. With 1.3 years to maturity, the spread is too tight when compared to other securities with longer maturities.

We’ve reinvested the proceeds of the above into WBCPG as it goes ex dividend on the 21st December and is priced favourably against other major bank hybrids.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here

Related Articles