Optimism sparks interest in tailored products
Bullish outlook for equities has sparked interest in bespoke structured products, according to George Lucas, managing director of boutique fund manager Instreet Investment Management.
Lucas, whose company specialises in tailored products for high net worth retail investors, said the current market environment has created increased appeal for such products among advisers and clients who wish to implement their own views in their portfolios.
“These products offer a tailored solution where either the adviser or client chooses the underlying asset classes and designs the payout profile to meet their specific views and financial needs,” Lucas said.
“It also highlights where the financial planning industry may be heading as advisors are looking to offer individual solutions that engage their clients with a tailored product.”
Instreet recently won a mandate from a boutique adviser practice to construct a bespoke product based on a basket of eight US stocks covering five industry sectors.
AUTHOR
Staff Writer
Recommended for you
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
