InvestSMART

Non-Bank Lenders

Question

What are your thoughts on having money in Latrobe financial do you think it’s safe in these times - Submitted by Deb

Answer

Hi Deb

La Trobe Financial offer what is referred to as ‘Residential-Mortgage Backed Securities’ or RMBS which tend to have higher yields on offer than its bank money market product peers (i.e. a Bank Term Deposits). La Trobe is a non-bank lender and does lend to slightly riskier borrowers. We would suggest reading their PDS thoroughly.

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Evan Lucas
Evan Lucas
Chief Market Strategist