Macquarie fund offers a bit of everything
Another round of Macquarie’s Fusion Funds has been released featuring 22 underlying managed funds combined with a borrowing and protection capacity.
Released by Macquarie Financial Products Management, the funds offer clients the ability to borrow 100 per cent of the investment amount while protecting 100 per cent of their initial investment at maturity.
They also provide exposure to eight Australian equities funds, six international equities funds, three Asia specific funds, two property securities funds, two index funds and an alternative fund specialising in infrastructure securities.
Macquarie Investment Lending division director Peter van der Westhuyzen believes recent market instability highlights the need for this level of portfolio diversification.
“In times of market volatility, capital protected products also become very popular,” he added.
“This is because they provide peace of mind to the client that their initial investment amount is protected at maturity. This also means clients feel more comfortable about using the 100 per cent finance, especially if they are unable to free up capital from elsewhere in their portfolio.”
The latest Fusion Funds release will close on November 30, 2007.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
