Letters of the Week

Hybrids and vested interests. The risks around CSG. Shale win.

Hybrid noise
Hybrids have received increasing attention recently and objective comment on them is hard to find. Established bank hybrid prices have softened a little, apparently, as advisers push clients into newer issues; churning for adviser benefit is not ethical but understandable. One factor that makes hybrids attractive is that they can be readily bought and sold without use of specialist brokers who control retail access to most bond investments. Couple this with a better-than-bank-interest return and their popularity is guaranteed. The chance of default on bank hybrids and other blue chip issues is low, as is their suspension of interest payments. It would be nice to feel that objective information on these investments were available, but little is to be found. Everyone seems to be pushing their own loaded barrow.

– P Copleston

CSG danger

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles