Sequoia moves to give investors ‘benefit of hindsight’
Sequoia Asset Management has launched a new fixed-term investment for retail investors.
Launching the product this week, the firm said it was aimed at giving investors the "benefit of hindsight" by locking in the highest returns during the investment period, regardless of any falls thereafter.
It said the product, Sequoia Hindsight Units, was based on the S&P/ASX 200 and was "ideal for investors with a bullish view of the Australian share market over the medium term".
It said the investment came in geared and un-geared versions and was capital protected at maturity, with both the geared and ungeared versions suitable for SMSF investors.
Sequoia's head of structured products, Marcel Collignon, claimed the appetite for products such as that launched by his company had been growing among retail investors.
"Capital protected products have always been popular and that continues to be the case, with investors wanting exposure to the potential gains that shares offer, but without the some of the risks of direct share investment," he said.
"With this product, we've gone one step further than a simple capital protected product. The investment automatically locks in positive gains every time it forms a new high, which is of course what we'd all ideally do as investors, but timing the market is difficult, time consuming and risky as everyone knows," Collignon said.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
