The yield on Westpac’s latest hybrid issue will potentially be about 6 per cent - easily more appealing than a term deposit. But, it’s important to consider if the return you are getting matches up with the risk you are taking. Find out whether hybrids should be part of your portfolio as a fixed income investment and whether it might mean you have too much invested in financials overall.

General Advice warning:
Pearl Funds Management, an authorised representative AFS Rep No 001254808 of Banyan Securities Pty Ltd AFSL 484139
The information presented by us is general in nature and does not take into account your personal goals and objectives. It does not represent financial product advice. You should always seek independent legal and financial advice before making a decision in relation to a financial product. Read the Product Disclosure Statement (PDS) before making a decision. You should consider your own circumstances, needs and financial objectives before making a decision.

Kirstie Spicer
28 July 2015