Decoding Australian Hybrids: Episode 2 – A Historical Perspective

We are pleased to share the second video in our four-part series on hybrid securities, where members of the Bentham Asset Management investment team explore the history, structure, and evolving role of hybrid securities within the broader investment landscape.

In this video, Richard Quin, Bentham’s CIO & Principal, is joined by Nik Persic, Bentham’s Deputy CIO & Principal, to discuss the history of hybrid securities in Australia and their performance over time.

This discussion covers:

• The development of the hybrid market from the 1990s to today
• How hybrids performed through different market conditions, including the GFC and COVID
• Why hybrids provided attractive income and low volatility for investors
• The regulatory concerns that led to the upcoming changes
• The differences between ASX-listed hybrids and global capital securities