In this Australian Investors Podcast episode, your host Owen Rask sits down with Kanish Chugh (from PIMCO) to discuss:
- The hybrid securities market and why APRA is phasing out bank hybrids
- What income investors (especially retirees) should consider in 2025
- The outlook for fixed income, bonds and private credit as interest rates fall
- PIMCO’s research-backed strategy for income investors post-hybrids
Topics Covered
- What are hybrid securities and why APRA is shutting them down by 2032
- What this means for income-focused investors and superannuation strategies
- How hybrids work compared to bonds and floating rate securities
- The impact of falling interest rates on income investments
- PIMCO’s research into 38 hybrids and how it’s building portfolios to match risk-return
- Portfolio construction: replacing hybrids with bonds, credit and active income strategies
- How to evaluate ETF yields and how PIMCO builds diversified fixed income portfolios
- Final thoughts on risk, private credit, and doing your research
