ANZ targets SMSFs with protected lending product
ANZ has launched a protected lending product targeting high-end self-managed super funds, wholesale investors and executives with employer-related share exposures.
ANZ Cobalt allows investors to protect and borrow against the value of a share portfolio or individual shares, borrow to purchase a new share portfolio or generate additional income using equity options.
The product also allows investors to access US listed shares and exchange-traded funds via protected lending.
The group margin lending had been utilised by many investors as a means of increasing their exposure to the share market.
"In both cases investors are relying on a geared exposure giving them increased exposure to potential capital gains, while income from the underlying asset, either rent or dividends, is typically used to offset any expenses, including interest-related costs," ANZ stated.
"Protected lending via ANZ Cobalt offers investors with a positive view on the market the ability to gear into shares but with the peace of mind that if the underlying share value falls below the protection level at maturity, that share will be protected up to the protection level."
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
