SCM Private Rolls Out Bond Reserve ETF
U.K. wealth management firm SCM Private has unveiled a new bond reserve exchange-traded portfolio.
U.K. wealth management firm SCM Private has unveiled a new bond reserve exchange-traded portfolio (ETF), Financial Times reports. The SCM Private Bond Reserve Portfolio will invest in cash, corporate bonds and emerging market debt and access these through ETFs.
It will not invest in short or leveraged ETFs or those with less than 100% collateral. The portfolio, which has a minimum investment of £50,000 for intermediated sales, was seeded on June 1, 2011.
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