BT expands funds under Wrap Capital Protection
Strong take-up by individual advisers and dealer groups has seen BT expand the list of managed funds eligible for Wrap Capital Protection.
BT announced this week that the number had been expanded from over 80 to more than 150.
The company describes Wrap Capital Protection as being a solution aimed at those approaching and already in retirement because it helps preserve capital when markets fall.
Commenting on the development, BT Financial Group head of retirement Rodney Greenhalgh said 60 widely supported funds had been added to create what the company believed was a comprehensive and market-leading protectable menu.
Further, he said recent performance had demonstrated how Wrap Capital Protection had allowed investors to increase their minimum outcome in rising markets.
"Equity markets have performed strongly since we launched Wrap Capital Protection. Many of the early users took the opportunity to restructure their portfolios to their preferred growth allocation and they have benefited from this strong performance," Greenhalgh said.
He said that at the time of the first growth capture in February, the average growth achieved by investors in the protected funds had been 9.1 per cent and the average increase in minimum outcome was 5 per cent.
"Those who held the product from inception generally achieved much higher growth" Greenhalgh said.
According to BT, the product is available on BT's Wrap, Wrap Essentials, SuperWrap and SuperWrap Essentials platforms.
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
