ASIC champion hybrid name changeBY LINDA HAUSKEN | FRIDAY, 12 OCT 2012 11:20AMAustralian Securities & Investments Commission is pushing for the industry to use the label 'capital note' instead of 'hybrid securities', as part of its ongoing focus on misleading and deceptive advertising. |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
I agree with ASIC on this one. The term "Hybrid" is misleading and we've all seen commentary bagging it (some of it from people not qualified to comment; who've simply recycled it). Some so-called "Hybrids" are pure debt and suitable for those unable to access direct corporate unlisted bonds. The latter matter is well past the consideration phase for wrap account providers who should by now be able to access the relevant providers' on-line resources.