Hybrid Securities

Westpac is leading the hybrids charge in 2013, but its shares are paying more right now.

Telstra delivered a great return in 2012, but its performance was rivalled on the bond market.

If you thought hybrids issues were a dying breed, don't count on it in 2013.

The pressure on banks to cut deposit rates has worsened thanks to Mark Bouris and YBR … but bank hybrids are clearly the best...

Getting the right fixed interest mix can deliver stable income.

Investors in corporate hybrids may have to play by a new set of rules … and it could get nasty.

Basel III imposes tighter capital requirements on some fixed income notes, but they remain attractive investments.

The bond market rally has pushed portfolio returns above 11%.

Know what you're getting into, know what your advisor knows, and what's in it for them.

There's a bond for every generation … from cradle to retirement.

Higher-risk bond prices have risen recently as perceptions of risk have fallen.

CBA's latest PERLS hybrid issue has been beefed up … but its shares are tastier.

Retail investors are chasing hybrids to capture yield … but there are inherent risks.

Retail investor access to hybrids credit ratings won't make a big difference ... there are larger problems to resolve.

Some of the recent long-dated hybrids issues prove capital markets are lacking integrity.

Share dividend returns can be higher than bonds, but the higher risk of equities doesn't always pay off.