Feeding the appetite for safer investment
Goldman Sachs JBWere (GSJBW) has launched Keystone Funds — Series III (Keystone III), the latest fund series aiming to provide safer investment in the turbulent world market.
The Keystone III funds gives investors four international investment opportunities and a 100 per cent NAB Capital Guarantee on maturity.
“The Keystone III funds offer investors certainty via fixed participation rates and a capital guarantee as well as diversification by way of exposure to underlying index baskets of selected international equities and commodities,” GSJBW executive director structured products Paul Banks said.
The Keystone III funds offer investments in four funds.
The Food, Feed, Fuel II fund provides exposure to the agricultural commodities corn, wheat, sugar and soybean.
The Sustainability fund provides diversified liquid exposure to 30 of the largest publicly-listed companies operating in ecology-related industries.
The final two funds are hindsight funds in global equities and commodities.
The funds are available from May 5 and have a minimum investment amount of A$10,000 for the first fund and A$5,000 per subsequent fund, GSJBW said.
Recommended for you
A Supreme Court of Western Australia jury has issued its verdict regarding unregistered MIS operator Chris Marco, who was on trial for 43 fraud charges, with ASIC stating the verdict ends a “sorry chapter”.
ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago.
Financial advice practices may be hiring younger or professional year advisers as a succession option, but they may find they are unable to put up the capital if the adviser looks to retire.
Any changes to product labelling for sustainable funds must be applied consistently across investor channels, including those used by financial advisers, according to RIAA.