Funds Focus Newsletter January 2013

Melbourne Cup 2014

An analysts view
Fun for the Melbourne Cup. Each year, Macquarie and RBS Morgans release their analysts from their bear pits.

Eager to please their masters sweetened with a few hours of sunshine if they get it right, the analysts work relentlessly through the year.

The beancounters at PWC have also joined in the fun for the last 3 years, producing their own tip sheet but have yet to pick a winner (arguably reflecting that theres more to horse racing than just numbers).

Perhaps

Melbourne Cup, analysis, 2014
Wealth Focus

CBA Perls VII Capital Notes (CBAPD) – Analysis

CBA has just announced the launch of a new income offer: CommBank Perls 7 Capital Notes. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in October. Note: There is no Customer or General Offer

The Notes will pay a quarterly coupon of 2.8%-3.0% (rate determined by the bookbuild) over the 90 day bank bill swap rate (BBSW), which was 2.64% as of 15th August, with an initial indicative rate of 5.46%-5.66%pa. (The first pricing is due to be set

Hybrid, Fixed Income, IPO, Capital Notes, CBA, CBA CommBank, Hybrid IPO
Wealth Focus

PM Capital Asian Opportunities Fund Ltd – Analysis

PM Capital has announced the launch of a new Listed Investment Company: PM Capital Asian Opportunities Fund (PAF).The first round of access is through a broker firm allocation, prior to the shareholder & general offer and listing in May.

The Shares aim to provide investors with a return in excess of the MSCI Asian (ex Japan) Equity Index. The Shares will be tradable on the ASX.

PM Capital
PM Capital currently manages a successful unlisted managed fund, PM Capital Emerging Asia Fund

IPO, review, analysis, offer, PM, Asian, lic