Macquarie targets those looking to re-enter market
Macquarie Specialist Investments has launched a new product aimed at helping investors - including self-managed superannuation funds - transition out of cash amid the current volatile market conditions.
According to Macquarie Specialist Investments head Peter van der Westhuyzen the product has been developed with current market volatility in mind for investors who are currently invested in cash because of uncertain markets, but who may now be looking for the potential to receive improved returns.
MIS said the product offered investors access to share market growth opportunities and 100 per cent capital protection at maturity.
It said the product had been designed as a low maintenance investment solution and featured no ongoing management fees and no loan or borrowing.
"Recent volatility and uncertainty in the market has left many investors facing the dilemma of knowing that while an investment in the sharemarket may deliver higher returns, it may also increase the risk of them losing their capital," van der Westhuyzen said.
"Many of our clients are now looking for new investment solutions which allow them to use their own capital, without the need for borrowing, providing them with market exposure and the benefits of capital protection at maturity and portfolio diversification."
"Macquarie Step may be an ideal investment for investors who remain cautious about the sharemarket and are still heavily invested in cash, but at the same time are concerned that their portfolio is under-diversified," he said.
Recommended for you
A former Northern Territory financial adviser has received a seven-year ban from ASIC, having been convicted of supplying dangerous drugs and receiving or possessing the proceeds of their sale.
Both Bain Capital and CC Capital have made revised bids for Insignia Financial after completing a period of due diligence.
The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week.
Targeting market leadership in digital advice, Bravura’s digital solutions are now available to over 6 million superannuation fund members.
