Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM Team, I just want to ask if you already hold the Betashares Australian Major Hybrids Index ETF (BHYB), would you recommend holding or selling it due to the changes regarding bank hybrids? Thanks so much. Regards, Sue.
Hi Sue,
We don’t own this and cannot provide specific advice on whether an individual should or should not hold it, however, we do not expect any adverse impacts in the next 3-years to Hybrid securities due to the change from APRA. They will simply be phased out at their first call dates. We are not sure what will happen with this security as this specifically holds major bank hybrids, although we note, the Betashares HBRD, holds more unlisted bank notes as opposed to listed hybrids, so we are more confident that security will remain in play for the longer term.
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