Commonwealth Bank launches new Regular Instalments
2 August 2007
The Commonwealth Bank today launched its latest Regular Instalments (IYH) providing investors and trustees of Self-Managed Super Funds with an opportunity to build their share portfolio without paying for all of the securities up front.
"This latest offering of Instalments will provide investors with the opportunity to purchase securities over two separate instalments, up to three years apart," said Matt Comyn, General Manager CommSec.
"Regular Instalments (IYH) also provide investors with medium term access to the local share market without the concern of annual resets or margin calls associated with other geared investment products," added Matt.
Investors in the Commonwealth Bank’s Regular Instalments get access to any ordinary dividends, franking credits (subject to individual circumstances) and any capital growth for the life of the Commonwealth Bank Regular Instalments.
"Instalments continue to be a very popular investment strategy, particularly by those investors who are looking for a simple gearing solution to accelerate their sharemarket returns.
"Despite the exceptional growth of margin loans, Instalments have retained their popularity because it is seen as a lower risk gearing alternative," Matt said.
The IYH release of the Commonwealth Bank’s Regular Instalments is the eighth issue of Instalments by the Group, and offers 44 new Regular Instalments covering a full range of leading Australian listed companies.
Applications are now being accepted for the IYH release, with a closing offer date of 1 May 2009, and a completion date of 14 May 2010.
For more information contact:
(02) 9378 2504