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%.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Progeny looks after the fund selection, the market exposure is provided via a suite of iShares. Winterflood Business Services provides custody and trading services.”
