Blackrock launches new capital-protected product

cent/investors/

19 May 2009
| By Benjamin Levy |

Blackrock Investment Management has launched a new capital protected product that uses its customised portfolio service to give investors complete ownership of top 20 Australian shares.

The product will have a constant allocation to equity and will not be fully locked into cash. Deutsche Bank AG will review the value of the account and reduce its exposure to securities if its value falls below a certain amount, while keeping a minimum 40 per cent of the investment amount consistently exposed to equities.

The co-head of customised portfolio service, Scott Phillips, said Blackrock was aiming to satisfy adviser demand for a product that wasn’t cash locked and offers ownership in the top 20 Australian shares that provide franked dividends.

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