You can check which investments are available for Wrap products by selecting the relevant investment menu below.
You can also find these in Product Information under Current offer documents or in Adviser Online:
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Super fund trustees must comply with a number of regulatory obligations that are designed to protect the financial interests of fund members. One of these requirements is that they formulate, implement and regularly review an investment strategy for the entire fund and for each investment option.
Trustees also need to exercise due diligence in developing, offering and reviewing each investment option offered. They must ensure the investment options provide adequate diversification for investors.
As part of this, the trustee may apply investment limits on certain investment options. Investment limits are restrictions placed on the investment options at the time of purchase. They’re applied as a maximum percentage of a member’s account balance. For example, a member can invest up to 25% of their account balance in a listed security that falls within the S&P/ASX100. The limits help mitigate potential losses and reduce liquidity risk by preventing the concentration of a members’ assets in a particular investment option.
You can find the investment limits for each investment option in our Super Investment Menu.
You can check the investment limit status of any account through Adviser Online. To check your client’s account is within the investment limit:
From here, any trades outside the limits will appear in red text underneath the account details.
Trustees will review investment limits in line with their governance policies.
When Macquarie makes changes to investment limits on the wrap platform, we’ll communicate this via our Investment Menu News in Adviser Online. If you have clients with holdings in impacted investment options, we also send you an email in which we explain how you can identify those clients.
The investment limits are taken into account at the time your client purchases an investment through the platform. However, some events may lead to an account’s investments exceeding the investment limits at a later time, for example:
If your client’s holdings exceed the investment limit for a particular investment option, they can continue to hold the option but won’t be able to make any further investments into that particular option. This means automatic investment tools may also stop.
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Everyone at Macquarie is commited to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it.
