Macquarie/PIS launch low-risk fund
Macquarie Bankhas partnered with financial planning group,Professional Investment Services(PIS)to launch a new six-year capital protected Australian equities investment product - Capital Protector.
According to Macquarie and PIS the product, based on a growth basket of Australian equity funds, is designed for conservative wealth accumulation and is targeted at “investors looking to build retirement wealth but concerned about the backdrop of today’s market uncertainty”.
It claims that unlike other capital protected investments the new product is not geared making it attractive to self managed super fund investors.
PIS chief executive officer, Robbie Bennetts says Capital Protector presents a valuable investment opportunity to investors who appreciate the need for exposure to equities in order to build wealth, but with the added benefit of capital protection.
Macquarie Bank’s equity markets group division director, Cathy Kovacs says that apart from demand for income, the real emerging theme for investors in the current environment is for capital preservation.
She says that investors are, generally speaking, cautiously optimistic in the current environment and the new product provides them with an appropriate vehicle for growth combined with capital protection.
Kovacs says the minimum investment in the new product is $5,000.
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