The reason it is harder to classify than bonds is that it has elements of both “debt” and “equity”, while bonds are purely a debt product. And because it offers a blend of characteristics of both, it is considered more risky than other fixed income products. For this reason, brightday believes they cannot be considered either a pure defensive or a pure growth investment, and sit on the spectrum between the two.

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
22 January 2015