MSI launches Significant Investor Visa fund
Macquarie Specialist Investments (MSI) has launched a new Significant Investor Visa-focused product.
The group announced that it had launched the Macquarie Significant Investor Visa (SIV) Government Bond Fund which would be investing into bonds issued by Australian Commonwealth, State or Territory Governments.
It said that, importantly, the product would satisfy the $1.5 million Waratah Bond requirement for investors looking for New South Wales state sponsorship.
Head of Macquarie Specialist Investments Jason King said the new fund was an innovative offering to the market as it has made it possible for investors looking to migrate to Australia to manage all their SIV investments in one place.
"Previously, investors looking to live in NSW were required to apply separately to the Government for their $1.5 million Waratah Bond," he said.
"Now investors can deal solely with MSI to satisfy both their government bond requirement, and at the same time allocate the remaining $3.5 million of the minimum SIV requirement of $5 million across MSI's suite of compliant SIV funds."
Recommended for you
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
