Macquarie/PIS launch low-risk fund
Macquarie Bankhas partnered with financial planning group,Professional Investment Services(PIS)to launch a new six-year capital protected Australian equities investment product - Capital Protector.
According to Macquarie and PIS the product, based on a growth basket of Australian equity funds, is designed for conservative wealth accumulation and is targeted at “investors looking to build retirement wealth but concerned about the backdrop of today’s market uncertainty”.
It claims that unlike other capital protected investments the new product is not geared making it attractive to self managed super fund investors.
PIS chief executive officer, Robbie Bennetts says Capital Protector presents a valuable investment opportunity to investors who appreciate the need for exposure to equities in order to build wealth, but with the added benefit of capital protection.
Macquarie Bank’s equity markets group division director, Cathy Kovacs says that apart from demand for income, the real emerging theme for investors in the current environment is for capital preservation.
She says that investors are, generally speaking, cautiously optimistic in the current environment and the new product provides them with an appropriate vehicle for growth combined with capital protection.
Kovacs says the minimum investment in the new product is $5,000.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
