To say that Australia’s hybrid investors felt the brunt of the COVID-19 crisis in March, when two issues were withdrawn and another issuer deferred redemptions, would be an understatement.
Australian portfolio managers are urging their investors who are considering emerging markets (e.g. Asia, South America, etc.) to examine countries individually and understand their health systems and governance risks to appreciate if they will show resilience during COVID-19.
ASX dividend investors hoping that Australia’s big banks would restore their dividends sooner rather than later are likely to be disappointed, as the earnings pressure on the banking sector is likely to continue into the 2021 financial year.
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