Investment Bank and structured product provider, JPMorgan has launched three new geared international investment products over iShares.
JPMorgan’s instalment warrants will be uniquely available to Australian retail investors who will be able to use them over iShares to access leveraged exposure to the largest 500 US stocks as represented by the S&P 500 index, 23 merging markets via the MSCI Emerging Markets index and Chinese companies that make up the FTSE/Xinhua China 25 index.
JPMorgan vice president, equity derivatives and structured products Mark Flynn said by offering instalment warrants over three different iShares funds, investors can make use of diversified internally geared investment strategies.
“The underlying ASX listed iShares makes this opportunity a uniquely Australian, transparent and liquid investment vehicle aimed at maximising gearing in an active and varied portfolio,” he said.
According to JPMorgan, investors will have access to up to 60 per cent gearing against the value of stocks at the time of purchase. Instalment warrants over iShares run for 10 years until April 6 2018, with the first instalment paid on entry and the second and final payments made at maturity or on any annual reset date.
