Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Can you explain how corporate fees work for the Broker? Because a new broker that has built a large and expensive corporate team needs to generate corporate fees, making the market initially sceptical. That’s not downplaying the quality of research, more about commenting on the markets view of it. Also, Can you provide your top 5 fixed income securities if you were to purchase today?
Regards
Scott D
Hi Scott,
The simple answer is, it’s hard for a broker to get on the ticket for a capital raise unless they have a positive view on the stock. While a positive view does not mean they’ll get the gig to raise money, or advise them on a transaction etc, it keeps them in the game more than a sell call does.
In terms of fixed income, we like floating rate notes like Hybrids: Best picks here are SUNPI & ANZPI currently while for those able to tolerate higher risk / return, the CWNHB still stacks up. We also like corporate loans through MXT & the Government bond strategy implemented by XARO.
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