The CitiFirst Self Funding Instalment over Russell's product offered investors and self-managed superannuation funds a convenient way to borrow without the risk of margin calls, Russell director of ETFs in Australia Amanda Skelly said.
Investors will receive franking credits and capital appreciation as if they owned the ETF outright, however, the distributions will be used to reduce the loan amount.
"This new offering will be an opportunity for investors to gain moderately geared exposure to the shares in the ETF," Skelly said.
