Lonsec enters margin lending market
Lonsdale Securities (Lonsec)has entered the margin lending market with the launch of two Margin Lending Recommended Portfolios based on its Model Equity Portfolio.
The portfolios are designed to combine direct equities and managed investments and offers two portfolio configurations to choose from — a 50 per cent direct equity and 50 per cent managed fund, or a 35 per cent direct equity and 65 per cent managed fund.
The Margin Lending Recommended Portfolios use the same stock selection as the Model Equity Portfolio, a 12 stock portfolio which has long-term buy and hold position.
Lonsec head of equity research John Watson says the margin lending portfolio’s would also factor in specific margin lending-related criteria, such as dividends and risk profile over 12 months,
Over the past two years, the Model Equity Portfolio has made a total return of over 70 per cent, giving Lonsec further confidence to launch the geared product.
Watson says the products were developed in response planner’s demand for model margin lending investment portfolios.
AUTHOR
Fiona Moore
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.
