New boutique opens doors
Instreet, the new boutique fund manager backed by dealer group Premium Wealth Management, has announced the launch of its first set of capital-protected products.
Investing in global gold, emerging markets and commodities, the three new funds were chosen by Instreet based on feedback from financial advisers.
The Global Gold Trust provides exposure to international gold and mining companies, while the Emerging Markets Trust invests in selected emerging market companies that are not limited to the BRIC economies (Brazil, Russia, India and China).
The third fund, the Momentum Trust, is an index fund, which focuses on three broad themes when selecting companies: infrastructure in India and China; the growing demand for bio-fuels; and Asia’s demand for produce.
Instreet managing director George Lucas consulted with 50 financial advisers before putting the funds together.
Commenting on the structured nature of the new products, Lucas said advisers indicated to him they wanted low interest rates, a profit lock-in feature and the ability to redeem early.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
