New CBA margin offering
The Commonwealth Bank launched a new margin-loan offering to retail investors, in the run up to the end of the financial year. The new margin loan lets investors build a leveraged portfolio of managed fund investments with a minimum initial investment of $2,000 and minimum monthly contributions of $250.
CBA says its the new margin loan was the first in a series of products that would be introduced over the next couple of months. CBA is aiming to interest customers with cash sitting in an account that could otherwise be invested.