The Market Matters Active Income Portfolio provides an active approach to income producing equities, ETFs and listed Income Securities – Click here to view
The Income Portfolio was flat over the course of the week (+0.01%) while cash sits at ~4%. Strong gains from Commonwealth Bank (CBA) +8.15%, Bank of QLD (BOQ) +3.85% and our Crown Hybrid (CWNHB) +3.48% following the acceptance of the Blackstone takeover. While Blackstone do not have to redeem these hybrids, they can source capital a lot cheaper than these hybrids cost, hence redemption is likely. Insignia Financial (IFL) -4.38% and National Storage REIT (NSR) -3.24% the weakest links.
