Blackrock launches new capital-protected product
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.
Recommended for you
The number of active advisers on the HUB24 platform has risen to more than 5,200, helping it see quarterly inflows of $5.2 billion.
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
Increasing traction among high-net-worth advisers and a stabilisation in adviser exits have helped Praemium report quarterly net inflows of $667 million in the third quarter of 2025.