Funds Focus

CBA has just announced the launch of a new retail bond: CommBank Retail Bonds Series 1 with a 5 year investment term. The first round of access is through a broker firm allocation, prior to general offer and institutional offer before listing in December.

The Bonds will pay a quarterly coupon of 1.05% over the 90 day bank bill swap rate (BBSW), 5.02%  as of 17th November, with an initial indicative rate of 6.07%. (The first quarter’s pricing is due to be set on date of issue) and will have

ANZ has just announced the launch of its new hybrid security, CPS 2. The first round of funding is open through a broker firm allocation, prior to general offer and institutional offer before listing in December.

The securities will be rated A+ by agency Standard & Poor’s meaning they are an investment grade hybrid considered relatively low risk.

CPS 2 will pay a quarterly coupon of between 3.10% and 3.30% over the 90 day bank bill swap rate (BBSW), currently 3.90%, with exact

Eight for 2008 from NW Advice
Andrew Reeve-Parker, Director of NW Advice, offers his eight top tips for the year ahead

1.
Give your Tax File Number to your Super Fund

If you don’t, the ATO will deduct 46.5% from your employer contributions and deny your personal contributions.

2.
Timing your Investment

if you are sitting on cash, resign yourself to never being able to pick the bottom of the market. You can however put the