WealthO2 adds Chi-X TraCRs and Funds to platform

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MEDIA RELEASE: Australian Adviser platform alternative WealthO2 has become the latest provider to add Chi-X Australia’s innovative product suite to its offering. 

All 35 Chi-X TraCRs and all quoted Chi-X Funds are now accessible to financial advisers and their clients on WealthO2 via its comprehensive and integrated suite of wealth management software solutions. 

The announcement follows the recent launch of five new TraCRs that reflect the many societal and behavioural trends brought about by the COVID-19 pandemic. They include video communications provider Zoom (NASDAQ: ZM), global conglomerate and protective healthcare equipment provider 3M (NYSE: MMM) and payments giant Mastercard (NYSE: MA). 

Chi-X Funds have been trading since October 2019 and enable issuers to have their funds quoted and traded on the exchange.  A range of active ETFs are currently quoted on Chi-X, including: 

  • Active X Kapstream Absolute Return Income Fund (Managed Fund) Ticker: XKAP
  • eInvest Cash Booster Fund (Managed Fund) Ticker: ECAS
  • eInvest Core Income Fund (Managed Fund) Ticker: ECOR
  • eInvest Income Maximiser Fund (Managed Fund) Ticker: EMAX
  • Schroder Absolute Return Income Fund (Managed Fund). Ticker: PAYS
  • Janus Henderson Tactical Income Active ETF (Managed Fund) Ticker: TACT

Shannon Bernasconi, Managing Director and Co-Founder of WealthO2, said Chi-X products provide the innovative and low-cost solutions that Australian financial advisers and their clients are looking for. 

“Financial advisers are increasingly looking to broaden the investment universe available to their clients. Chi-X TraCRs provide that exposure to US mega caps that clients have, until now, been unable to easily invest in,” Ms Bernasconi said. 

“Chi-X TraCRs provide the added advantage of HIN based ownership, AUD dividends repatriated at institutional foreign exchange rates, fungibility to the underlying offshore asset and T+2 settlement,   which makes this pathway to the US stocks even more attractive. 

Vic Jokovic, CEO, Chi-X Australia, welcomed the partnership with WealthO2 and said the role of financial advisers has never been more important.

“The COVID-19 pandemic has created a surge in trading among retail investors in recent months. Financial advisers are critical in this environment as Australians look for guidance on their investment decisions,” he said. 

“WealthO2 is a leading software provider for the Australian financial advice community and the addition of Chi-X products will only add to the innovative investment solutions available through the platform.”