26/06/2024 09:29

Hybrids – A few things to keep across

Over the past week, the June Hybrid Dividends were paid to holders. A total of ~$350 million of dividends has been paid so far in June. Whilst we haven’t seen significant buying into Hybrids over the last week, we do expect over the next few weeks that some of this excess cash will find its way back into the Hybrid market.

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21/09/2022 09:29

Active Income Portfolio

The portfolio fell during the week down by 2.07% with cash remaining at 4% following the recent purchase of AGL Energy (AGL) and a Westpac Hybrid (WBCPK). The main detractors were Centuria Capital (CNI) -8.70% & Pendal (PDL) which fell -6.30%, while the Hybrid securities traded up, the ANZPI the best of them adding +0.90%, with the rise in prices pulling down expected yields slightly. The 2-year swap rate is currently at 3.77% implying a ~6.7%...

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14/09/2022 09:25

Active Income Portfolio

The portfolio was higher during the week up 2.05% with cash down to 4% following the purchase of AGL Energy (AGL) and a Westpac Hybrid (WBCPK) which traded ex-dividend on the 12th Sep for 82.54c (i.e. a few days post-acquisition). We expect the portfolio to yield more than 5.5% over the coming 12 months, with September being a big income month. We remain comfortable...

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