JP Morgan releases series three of Australian blue-chip growth plan

australian-dollars

JP Morgan Investments Australia has issued the third series of its ASX Growth 20 plan to investors in Australia, and noted the return of positive sentiment at the product’s September 15 launch.

The five-year product offers exposure to 20 of the largest shares listed on the Australian Stock Exchange (ASX), with limited downside risk. The plan comprises a share portfolio held in trust, a swap, and a limited recourse loan to deliver a structure similar to an instalment warrant.

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