Westpac PEL: Explaining the play

Key Points Westpac PEL is a similar proposition to a geared Capital Protected Product The end result—underperformance—is likely to be the same May have limited appeal to aggressive and tax conscious investors The Product Westpac’s newly released Protected Equity Loan (PEL) offers investors ‘the potential of Australian shares’ and ‘the certainty of capital protection at maturity’. But just like its close cousin—the Capital Protected Product (CPP)—the potential (and the capital protection) is eaten away by costs. A PEL is a loan provided to buy a share (or shares) that comes with built-in capital protection, the cost of which is...

Westpac’s newly released Protected Equity Loan (PEL) offers investors ‘the potential of Australian shares’ and ‘the certainty of capital protection at maturity’.

But just like its close cousin—the Capital Protected Product (CPP)—the potential (and the capital protection) is eaten away by costs.

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