A consumer (or class of consumer) may intend to hold a product as part of a diversified portfolio. In such circumstances, the product should be assessed against the consumer’s attributes for the relevant portion of the portfolio, rather than the consumer’s portfolio as a whole. For example, a consumer may seek to construct a conservative portfolio with a small allocation to growth assets. In this case, it may be likely that a product with a High or Very High risk/return profile is consistent with the consumer’s objectives for that allocation notwithstanding that the risk/return profile of the consumer as a whole is Low or Medium. In making this assessment, distributors should consider all features of a product (including its key attributes).
For further information, please review this information.
For definitions related to the content within the following Target Market Determinations, please review this information.
A number of funds have had a name change effective 18 November 2023, you can find out more information about these changes here. The Target Market Determinations will be updated early in 2024 to reflect these changes.