Macquarie offers market recovery product
Macquarie Funds Group has today announced the launch of a new product that it claims will allow investors to participate in the eventual market recovery.
The product, the Macquarie Flexi 100 trust, is being marketed as giving investors the opportunity to gain exposure to either the S&P/ASX 200 or the S&P 500 with the benefit of protection and the cash flow advantages of distributions throughout the term.
It said to gain access to the product, investors had to borrow 100 per cent of their investment amount via a limited recourse investment loan from Macquarie bank.
Commenting on the launch of the new product, Macquarie division director Irene Deutsch said the market had been asking for simple and transparent products and they also wanted a product that allowed them to participate in any market recovery.
Deutsch said the product was also capable of being used by investors with self-managed superannuation funds.
She said while the product was designed to be held to maturity, investors would be able to walk away from their investment quarterly without incurring any investment loan break costs or being exposed to any shortfall between the value of their investment and their investment loan balance.
The product is open to June 30 with a minimum investment of $25,000.
AUTHOR
Mike Taylor
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