Powerwrap adds Chi-X funds
Powerwrap has announced that all of Chi-X TraCRs and managed funds will now be available on its platform.
The products include Chi-X's 30 transferable custody receipts (TraCRs), over companies such as Google-parent Alphabet and PepsiCo, along with Chi-X's managed funds, which have been trading on the Chi-X exchange since October last year.
The range of active ETFs currently quoted on Chi-X include: the Active X Kapstream Absolute Return Income Fund (XKAP); the eInvest Cash Booster Fund (ECAS); and the Schroder Absolute Return Income Fund (PAYS).
"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," Powerwrap CEO Will Davidson said.
"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," Chi-X Australia CEO Vic Jokovic added.
