Stockspot has unveiled two new portfolio offerings in response to client feedback and growing concerns around inflation.
The Stockspot Topaz Income portfolio is a diversified portfolio that invests in shares, gold and property via exchange-traded funds (ETFs). It is targeted at investors wanting long-term income, generated through franking credits and dividends and capital growth.
Its holdings include the Vanguard MSCI Australian Small Companies ETF, the iShares Emerging Markets ETF, the VanEck FTSE International Property Hedged ETF, and the Global X Physical Gold, the last of which holds the highest allocation of 14.8 per cent in the portfolio.
Meanwhile, the Stockspot Topaz Inflation portfolio invests in a broad range of assets with a tilt towards inflation protection, working best when inflation is elevated or rising and helps preserve future purchasing power. Through ETFs, it invests in shares and commodities such as gold and silver, and infrastructure.
The portfolio also has the highest allocation to Global X’s gold ETF (14.8 per cent). Other holdings include the iShares Government Inflation ETF, SPDR S&P/ASX 200 Resources ETF, and the Global X Bloomberg Commodities ETF (Synthetic).
According to the robo-adviser, this portfolio is targeted at more sophisticated investors and higher-balance investors with an appetite to take on more risk.
Explaining the new offerings, Chris Brycki, Stockspot founder and chief executive, said: “Over the past year, we’ve been actively listening to our clients and considering their evolving investment needs.”
He observed two key themes that have emerged from these conversations, namely earning higher income through increasing their portfolio’s income potential without compromising on long-term capital growth, and inflation concerns in preserving purchasing power for future expenses.
The two portfolios follow the recent announcement of a $28 million strategic investment in Stockspot from South Korea’s Mirae Asset Global Investments.
It is expected to help ramp up the provision of low-cost investing advice in Australia and accelerate the firm’s technology and product offerings.
