Instreet adds Mast ARC to offering
Boutique fund manager Instreet has introduced a new commodities-based financial product with the potential to perform well in all market conditions.
The Mast Absolute Returns from Commodities (ARC) product is funded 100 per cent through an investment loan with an annual interest rate fixed at 6.35 per cent for the three-year term.
Instreet managing director George Lucas said there would not be any penalties if investors decided to break earlier than the initial investment period, which has been an issue with some 100 per cent investment loan products.
“The product also has the potential to pay coupons annually, as well as boasting ... a reset feature, which means investors start each year from scratch and don’t have to recoup any losses from the previous year,” Lucas said.
Mast ARC is suited to wealth accumulators — through self-managed superannuation funds, companies, trusts or individuals — that want to add diversification to a standard portfolio.
Lucas said the product was developed due to adviser demand and that it will “address some of the issues that have plagued standard 100 per cent investment loan products to date”.
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