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
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
