Will Davidson
Powerwrap, the listed platform provider for high net worth investors, has become the latest in a growing number of wealth management groups to add Chi-X Australia’s innovative product suite to its offering.
Yesterday’s announcement follows the recent launch of ten additional Chi-X TraCRs driven by increased trading volumes and awareness among Australian investors, retail brokers and financial advisers.
All 30 Chi-X TraCRs and all available Chi-X Funds are now accessible to financial advisers and their clients on Powerwrap via its wealth management platform.
Chi-X Funds have been trading on exchange since October 2019 and enable issuers to have their funds quoted and traded on Chi-X. A range of active ETFs are currently quoted on Chi-X, including:
- Active X Kapstream Absolute Return Income Fund (Managed Fund). Ticker: XKAP
- eInvest Cash Booster Fund (Managed Fund). Ticker: ECAS
- eInvest Core Income Fund (Managed Fund). Ticker: ECOR
- eInvest Income Maximiser Fund (Managed Fund). Ticker: EMAX
- Schroder Absolute Return Income Fund (Managed Fund). Ticker: PAYS
Powerwrap CEO Will Davidson said the platform prides itself on offering a broad investment universe that caters specifically to high net worth investors.
“Chi-X TraCRs are the perfect addition to the vast suite of investment products available on Powerwrap. We have a bespoke-style platform service that offers the broadest range of products in the market across all asset class and utilises the best of breed execution capabilities for all securities,” Mr Davidson said.
“High net worth investors look beyond the Australian market and are keenly aware of the value to be found in US equities. By bringing some of these US-listed mega cap companies to Australian investors, Chi-X is fulfilling an important gap in the high net worth investor space,” he said.
Financial advisers to play a key role
Chi-X Australia CEO Vic Jokovic said Powerwrap is one of Australia’s most innovative wealth platform providers and a natural fit for Chi-X products.
“Financial advisers play a critical role in the lives of their customers and Chi-X is proud to support advisers and their clients with new, innovative products that are not available on traditional securities exchanges.”
Mr. Jokovic said Chi-X is committed to helping Australian investors gain access to innovative investment products and markets.
“Growing our relationships with stockbrokers, wealth management groups, platform providers and financial advisers is a key part of our vision to help Australians benefit from a broader range of investment options,” he concluded.