Macquarie launches new SMSF-related product
Macquarie Specialist Investments has launched a new product aimed at helping self-managed superannuation funds (SMSFs) and other investors migrate out of cash.
The new product, Macquarie Step, is described by Macquarie as offering investors access to share market growth while delivering 100 per cent capital protection at maturity.
Discussing the launch of the new product, Macquarie Specialist Investments head Peter van der Westhuyzen said recent volatility and uncertainty in the market had left many investors facing the dilemma of knowing that while an investment in the sharemarket might deliver higher returns, it might also increase the risk of them losing their capital.
"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 benefits of capital protection at maturity and portfolio diversification," he said.
van der Westhuyzen said the new product might prove useful for investors who remained cautious about the sharemarket, but were still heavily invested in cash but at the same time concerned that their portfolio is under-diversified.
AUTHOR
Mike Taylor
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