Macquarie launches new listed loan series
Macquarie Securities Group has launched 51 different listed protected loan products on the Australian Securities Exchange (ASX) following a successful take up of its first ever MQ LPL series in May.
The June offering of MQ LPL offers investors tax efficient funding on a capital protected basis in the lead up to June 30, according to associate director of Macquarie Securities Group Pia Cooke.
She said the June offering was intended to “build on the successful take-up by investors of its first offering in May and represents the start of a Macquarie plan to offer MQ LPL on a quarterly basis.
“The combination of capital protection, tax efficiencies and the flexibility of trading on the ASX has proved enticing for sophisticated retail investors.
“We are looking to build on this as advisers and investors become more aware of the benefits of [listed protected loans], which remain an attractive investment proposition for investors who want capital protection with tax efficiencies,” she said.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
