AIOFP launches structured product to members
The Association of Independently Owned Financial Professionals (AIOFP) has partnered with Instreet Investment to launch a structured product to its members.
According to AIOFP director Peter Johnston, member feedback had shown advisers were looking for new investment options to differentiate their business from institutionally aligned practices as optimism flowed back into the Australian market.
Instreet will issue a specifically tailored structured product for Personal Choice Management (PCM) — a member-owned licensee which provides investment services and products to AIOFP.
"The PCM structured product was designed with a working committee of advisers within the association to ensure that the end result was an investment solution that was relevant to a diverse range of advisers and their clients," Johnston said.
Instreet managing director George Lucas said the product would offer access to specific markets and build investment strategies, with underlying investments covering mid-cap US stocks, European stocks, South-East Asian stocks and Australian markets.
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