Morgans, the Brisbane-based wealth management form, is recommending investors buy ANZ CPS 2 (ASX code: ANZPA) as an alternative to a term deposit. Morgans’ fixed income analyst James Lawrence made the recommendation in a note to clients recently, saying the ANZ preference shares have yield to conversion of 5.39% and absolute expected return of 2.50%. ANZPAs will convert to $101.01 worth of ANZ ordinary shares in December 2016 subject to...
| Domestic Income Funds | Yield* | Assets |
|---|---|---|
| Coolabah Floating-Rate High Yield (Mngd)-Ast Inv | 9.19% | Alternative Fixed Income |
| Coolabah Short Term Income (Managed) | 5.42% | Alternative Fixed Income |
| Coolabah Short Term Income-Assisted | 5.82% | Alternative Fixed Income |
| Coolabah Short Term Income-Direct | 5.42% | Alternative Fixed Income |
| Finexia Childcare | 10.00% | Childcare Credit |
| Finexia StayCo | 10.00% | Accommodation |
| SocietyOne Personal Loans Trust | 6.87% | Private Creadit |
| Aura Core Income Fund | 7.88% | Private Credit |
| Aura Private Credit income Fund | 8.85% | Private Credit |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24