SSB beefs up retail offerings
Salomon Smith Barney Asset Management has launched two tactical asset allocation products aimed at the retail market.
Salomon Smith Barney Asset Management has launched two tactical asset allocation products aimed at the retail market.
The first is a retail version of its Tactical Allocation Trust aimed at superannuation and allocated pension customers of the Citicorp Retirement Fund.
The Citicorp fund already offers a suite of SSB-managed investment options and the new product will be available with an entry point of $1500 for investors.
The second new retail product is a Tactical Allocation Pooled Superannuation Trust which ASGARD has already added to the investment menu of its discretionary master trust. ASGARD has also agreed to add the Tactical Allocation Trust to its model choice portfolios and the product is already on Navigator and Flexiplan recommended lists.
SSB head of retail Stephen Robertson says the benefits of tactical asset allocation are becoming more appreciated in the marketplace.
“Financial planners and investors are realising the benefits of using a specialist tactical asset allocation product which changes the short-term asset mix of a portfolio in response to market volatility and changes in retail asset value,” he says.
“The objective is to capture potential higher returns.”
The Tactical Allocation Trust was launched in 1989 for wholesale markets and has a seven-year return of 15.96 per cent to October, 1999.
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