ING offers alternatives to OneAnswer clients
David Kan
ING has launched a new capital protected fund that provides investors with access to alternative investments through its platform, OneAnswer.
The ING SGAM Protected Alternatives Fund features a globally diversified range of investments, including long-only US equities, long/short European equities and a multi-strategies hedge fund.
The fund guarantees 80 per cent protection of the investments, even if the underlying assets’ value rises.
Global fund manager SociétéGénérale Asset Management (SGAM) specially designed the fund for ING.
ING head of product and strategy, personal investments, David Kan said the new fund was designed for advisers recommending alternative assets to their clients.
“Clients are becoming more sophisticated and there is demand for different tools and products to suit different age brackets and different needs,” Kan said.
“This fund offers a chance to invest in alternative investment strategies, but promises at least 80 per cent of the underlying assets back if markets fall.
“For many investors, particularly those approaching retirement, this will provide potential capital growth as well as peace of mind.”
Recommended for you
AZ NGA has entered into a strategic partnership with national advice firm MiQ Private Wealth, as a way to provide a succession solution, as well as career development opportunities for staff.
While the advice profession struggles under growing operating costs, Adviser Ratings has found more than half of practices – some 58 per cent – that generate less than $250,000 in revenue report no profit at all.
The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing investigation into the company’s managed investment schemes.
Off the back of the August adviser exam results, the profession has seen 17 new entrants hit the Financial Adviser Register (FAR) this week, helping numbers return to positive territory.
