View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 18, 2018

Progeny Asset Management unveils multi asset ETF product

By Saloni Sardana

The asset management division of advisory firm Progeny group has launched a multi-asset ETF for investors seeking upside exposure and yield.

The ETF – Optimised Passive Income 60/40 is designed for investors targeting an annual yield of 3%, but with modelled annual drawdown in any 12 month period, not expected to exceed 7%.

This will be implemented through exposure of up to 14 industry-leading iShares ETFs at an all-in fee of 1%.

The product will be provided through financial advisers, and not directly to clients.

The Optimised Passive Income 60/40 is expected to allocate around 60% to global equities, property and private equity and approximately 4o% to global fixed income.

Progeny Asset Management’s director, Ian Hooper, said: “We worked closely with key industry players to design this solution based on a diversified range of ETFs that give efficient exposure to assets across the globe.

“Progeny looks after the fund selection, the market exposure is provided via a suite of iShares. Winterflood Business Services provides custody and trading services.”

 

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International