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Hastings High Yield Fund Company Snapshot
Business Description:
Hastings High Yield Fund operates in the Investment offices sector. Hastings High Yield Fund (the Fund) invests in a range of high yield securities with an objective to provide a regular source of income by making quarterly cash distributions funded through a diversified portfolio of debt securities. Several key elements of the Fund's investment strategy are targeting investment in unlisted and unrated securities that are not otherwise readily accessible to Australian Securities Exchange (ASX) investors; investing in debt securities issued by Australian and international entities that are exposed to the infrastructure and essential services industry sectors, holding a market position, generate predictable cash flows, rank ahead of an appropriate level of shareholder equity, and share an alignment of interests with management and shareholders; and investing in debt securities that provide for potential gains flowing from re-rating, early repayment and equity participation. The Fund's investment manager is Hastings Fund Management Limited. In our complete report available for purchase the company is compared to: Souls Private Equity Ltd, Westoz Investment Co Ltd and Linq Resources Fund.
   
   
 
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Hastings High Yield Fund
  Stock Performance Chart for Hastings High Yield Fund
 
  Stock Data: Recent Stock Performance:
  Current Price (2/10/2012): 1.22
(Figures in Australian Dollars)
1 Week 1.7%   13 Weeks 6.1%  
4 Weeks 7.0%   52 Weeks 0.4%  
 
Hastings High Yield Fund Key Data:
  Ticker: HHY Country: AUSTRALIA
  Exchanges: Major Industry: Financial
    Sub Industry: Investment Companies
  2011 Sales 25,763,000
(Year Ending Jan 2012).
Employees: N/A
  Currency: Australian Dollars Market Cap: 136,693,817
  Fiscal Yr Ends: June Shares Outstanding: 112,044,112
  Share Type: Ordinary Closely Held Shares: 155,000
 
 
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