Macquarie extends SIV offerings
Macquarie Specialist Investments has sought to take advantage of strong interest in the Special Investor Visa (SIV) funds launched last year, with the launch of three new products.
The new funds - Conservative, Balanced and Growth - are being marketed as offering investors access to a diverse range of Australian-based asset classes including cash, fixed interest, listed property and equities.
According to Macquarie Specialist Investments, the complete suite of funds caters for diverse investor risk/return profiles by maintaining different investment allocations to the various asset classes.
Further, the company said it was offering SIV candidates the potential to protect and borrow against their investment, a feature that was unique to the market.
Macquarie Specialist Investments head Jason King said investors had shown strong interest in the two original SIV cash offerings, with close to $150 million either committed or in the pipeline.
"The recent changes to regulations now allow us to cater to a much broader range of investor risk/return profiles," he said.
Recommended for you
A former Northern Territory financial adviser has received a seven-year ban from ASIC, having been convicted of supplying dangerous drugs and receiving or possessing the proceeds of their sale.
Both Bain Capital and CC Capital have made revised bids for Insignia Financial after completing a period of due diligence.
The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week.
Targeting market leadership in digital advice, Bravura’s digital solutions are now available to over 6 million superannuation fund members.
