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.
Defensive investments and fixed income
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A place for hybrids
Before you get swept up in the hype around yield that surrounds hybrids it’s important to look at the risks involved in this type of investment.