Westpac today announced that their full year cash profit was $7.82 billion, up 3% for the year. CEO Brian Hartzer commented on the bank’s capital position saying that the $6 billion of new capital Westpac has raised this year has increased its capital levels significantly. The Murray report in financial services recommended that Australia’s banks needed to be “unquestionably strong” and Mr Hartzer said, "The capital raised responds to regulatory...
| 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 |
| Barings | 9.00% | Real Estate |
| Qualitas Real Estate (QRI) | 9.00% | Real Estate |
* ANNUALISED INCOME DECLARED OVER PAST 3 MONTHS AT 1 FEB 24