Macquarie Specialist Investments has rolled out a new cash offering in response to volatile and uncertain markets.
"We have released Step into the market to add to the range [of investment products] that we already have. The difference with Step is that there is no loan or borrowing," Macquarie Specialist Investments head Peter van der Westhuyzen told InvestorDaily.
"It was the right time in the market [to release it]."
The investment solution has been designed for investors who are invested in cash because of uncertain markets and may now be looking for better returns.
"Cash may not be a suitable investment in all market scenarios. Investors who have cash earmarked for equity markets and are waiting for the right time to move risk missing out on the turning point in the market," van der Westhuyzen said.
Macquarie Step has a minimum $20,000 investment and is available to individuals, self managed superannuation funds, trustees and companies.
"[Looking forward] we are working on another product but it's not finalised yet so I can't give too much detail. We have had a very strong pipeline of development. Products are designed on current market conditions. We get a lot of feedback from our customers about the challenges [in the market] and that helps form our ideas," van der Westhuyzen said.
