Asgard has launched three new fixed term deposits (FTD) on its eWRAP, Elements and Managed Profiles/SMAF platforms — ranging from three to nine months.
Specifically, the three-month FTD was specifically launched to meet “strong adviser support”, according to a media release.
Advisers wanted a cash option that allowed investors to “get both the benefits of a FTD and the ability to respond quicker to the market”, it said.
The new FTDs will pay interest at maturity and thereby complement Asgard’s current range of FTDs that pay interest monthly.
