Blackrock launches new capital-protected product
Blackrock Investment Management has launched a new capital protected product that uses its customised portfolio service to give investors complete ownership of top 20 Australian shares.
The product will have a constant allocation to equity and will not be fully locked into cash. Deutsche Bank AG will review the value of the account and reduce its exposure to securities if its value falls below a certain amount, while keeping a minimum 40 per cent of the investment amount consistently exposed to equities.
The co-head of customised portfolio service, Scott Phillips, said Blackrock was aiming to satisfy adviser demand for a product that wasn’t cash locked and offers ownership in the top 20 Australian shares that provide franked dividends.
AUTHOR
Benjamin Levy
Recommended for you
Wealth Data has revealed the top five licensees for financial adviser growth over the September quarter, with more than 150 advisers joining in Q3 overall.
Former Sydney financial adviser, David Valvo, has pled guilty in court to a charge of dishonest conduct.
Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.
AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.
