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Article: Investors in hybrid securities risk taking a trip into the financial twilight zone.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 28, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep 28, 2003 (The Age - ABIX via COMTEX)
Australian investors are being offered an increasing range of hybrid securities. These seem attractive as they offer a high rate of fixed or floating interest, but they do carry substantial additional risks to more standard fixed interest products. Some follow the fortunes of set standards of interest rates, and other are closely tied to the share price of particular equities. Hybrids are typically less secured than other company debt, a fact which can affect their traded value. Investors ...