09 November 2005
Today Macquarie Financial Products Management Limited (Macquarie) announced that it has launched its latest offer of the innovative Macquarie Fusion Funds. The December 2005 offer will open for investment today and is the eighth Fusion Funds offer.
Macquarie Fusion Funds is a unique investment product, offering retail investors the opportunity to access a selection of nine highly rated managed funds, with the potential to borrow 100 per cent of the initial investment amount and the peace of mind that this amount is capital protected at maturity if they purchase a Put Option.
Macquarie has received an Australian Taxation Office Product Ruling for this latest offering, providing certainty to investors who are looking for tax efficiency in their investment. The Product Ruling covers the Macquarie Bank loan (and associated put option).*
Macquarie's Margin Lending Head of Distribution and Marketing, Steve Robertson said the latest Fusion Funds release gives retail investors the choice and ability to diversify by asset class and investment style. They can select from a range of funds that access a variety of fund managers, such as Perpetual, PM Capital, Challenger, UBS, AXA Bernstein, Credit Suisse, HFA and IOOF/Perennial.
"We expect Fusion Funds will again be popular with investors who are looking to create a diversified investment portfolio with the benefits of capital protection," Mr Robertson said.
"We have found in the past that the ability to borrow 100 per cent and invest in a range of managed funds with the benefit of capital protection is quite attractive for investors. Given the current volatility in the investment market, the benefit of capital protection is a major feature that investors often look for and request."
"With Macquarie Fusion Funds investors can create a managed fund portfolio even if they don't have the required up-front capital to invest, but do have the capacity to borrow. Investing into Fusion Funds does not require investors to tie up other assets as security. The investment in a Fusion Fund is the security for the loan," he said.
Macquarie Fusion Funds have recently received a Recommended rating from both Standard and Poor's and Lonsec.
This offer of Macquarie Fusion Funds will close at 5:00pm AEST, 7 December 2005.
*The Product Ruling PR 2005/108 is only a ruling on the application of taxation law and is in no way expressly or impliedly a guarantee or endorsement of the commercial viability of the Macquarie Fusion Funds or the soundness or otherwise of the Macquarie Fusion Funds as an investment, or of the reasonableness or commerciality of any fees charged in connection with the Macquarie Fusion Funds. You should seek your own professional advice to determine the tax treatment applicable to your particular circumstances. The Product Ruling is only binding on the Commissioner of Taxation if the investments in the Macquarie Fusion Funds are implemented in the specific manner provided in the Product Ruling.
For further information please contact:
Head of Distribution and Marketing
Macquarie Margin Lending
Tel: (02) 8232-9124
Mobile: 0418 387 427
Head of PR & Communication
Macquarie Financial Services Group
Macquarie Funds Management Group
Tel: (612) 8232 3241
Mobile: (61) 417 260 309
The December 2005 offer and issue of units in Macquarie Fusion Funds is made by Macquarie Financial Products Management Limited, in the Macquarie Fusion Funds Product Disclosure Statement (PDS), dated 8 September 2005. Anyone wishing to acquire units in the Macquarie Fusion Funds should consider the PDS before deciding to invest and will need to complete the application form in the PDS, which is available at www.macquarie.com.au/fusionfunds or by calling 1800 550 177.
Macquarie Financial Products Management Limited is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and Macquarie Financial Products Management Limited's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Financial Products Management Limited.
Fusion® is a registered trade mark owned by Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie") and used by MFPML under licence from Macquarie.