Welcome to Foresight, Macquarie Investment Lending's e-newsletter.
In it you will find the latest information about Macquarie Investment Lending's products, as well as links to handy tools and services. In addition, we will also have guest contributors providing insightful articles about current issues in the investment lending arena. We hope you find it informative and valuable to your business.
We are interested to hear your feedback about our newsletter. To provide feedback, please use the feedback section in the left hand column.
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In this edition of Foresight
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No.1 in Innovation: Macquarie Margin Loan
Macquarie Investment Lending's Margin Loan has won the Most Innovative Margin Lender of the Year Award for 2008.
The award was issued on behalf of Asset Magazine by Investment Trends and based on a survey conducted by financial planners.
The reward reflects Macquarie Investment Lending's goal to continue to deliver premium service. Particular mention was made of our GearUp site, which was noted as being arguably the best online service in the industry.
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Leading the market with conservative lending policies
As a result of recent market events, Macquarie Investment Lending would like to take the opportunity to reassure you of our business position with specific reference to stock lending.
Macquarie Investment Lending borrowers who pledge direct shares as security to their Investment Loans retain full legal and beneficial ownership of those shares. Their securities are not lent out for other purposes unless they expressly opt-in to the stock lending program.
We continue to adopt a conservative and commercial approach to risk management to ensure that you and your clients have confidence in our lending services. We take this responsibility seriously and maintain our commitment to providing high levels of transparency with regards to our documentation, disclosures and loan structures.
If you have any questions, please contact your Macquarie Investment Lending Business Development Manager.
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The Macquarie Fusion Funds June 2008 offer - PDS now available
The June 2008 offer of the Macquarie Fusion® Funds (Fusion Funds) will be open for two months from 1 May 2007 to 5pm (AEST) 30 June 2008.
The June 2008 series of Fusion Funds offers clients' exposure to a broad choice of Underlying Managed Funds.
Fusion Funds is an investment designed to provide investors with the opportunity to gain exposure to a broad selection of managed funds, with the ability to borrow 100% of the investment amount and protect 100% of the initial investment amount at maturity.
Why invest in Macquarie Fusion Funds?
1. Exposure to a choice of 26 managed funds
Gain exposure to a choice of 26 Underlying Managed Funds selected to provide investors with the opportunity to diversify their portfolio across a range of asset classes and investment styles, including Australian and international equities, Asia and emerging markets, infrastructure securities, agribusiness, resources, and property.
2. 100% finance
The opportunity to borrow 100% of the investment amount provides investors with increased investment capacity without the need to tie up existing assets.
3. Protect your investment
Protection of 100% of the initial investment amount in a Fusion Fund at maturity if investors obtain an Investment Loan or, if using their own funds, through the purchase of a Put Option.
Importantly, there are no margin calls.
4. Tax certainty
Tax certainty for eligible investors through an ATO Product Ruling (PR 2008/261). If the Product Ruling applies to an investor they have the potential to claim a deduction for up to 100% of the Total Amount (being the sum of the interest on the Investment Loan and interest on the Interest Loan (if any)).
The Product Ruling PR 2008/26 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, of 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. 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.
More information
To download the Product Disclosure Statement, click here
To download the Offer flyer, click here
If you have any questions about the Fusion June 2008 offer, please contact your local Business Development Manager or the Account Management Team on 1800 550 177.
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GEI plus launches new advertising campaign
Macquarie Investment Lending's latest advertising campaign hit the market in late March with online banner advertising and print advertising focusing on GEI plus for investors.
"Certainty in an uncertain market" is a timely campaign, focused on the current volatility and the benefits of borrowing to invest in the sharemarket with the peace of mind that comes with GEI plus.
There is also a new splash page up and running. To visit, go to www.macquarie.com.au/geiplus.
GEI plus is a protected loan, which gives investors the opportunity to own a sharemarket portfolio without having to provide any up front capital.
Macquarie provides investors with 100% of the funds, which can then be invested in either a number of pre-selected portfolios, or more than 80 leading Australian shares. There is no need to provide any other security, so accessing the sharemarket has never been easier.
Special referrer discount available
GEI plus referrers can take advantage of the special 1% p.a. interest rate discount^^ and no brokerage if you apply for a GEI plus in your own name.
Take advantage of the current opportunity and apply now! Click here for more information on GEI plus.
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Coming Soon: Preparing yourself for June
Details will soon hit mailboxes on how to update your details online and other ways to save time in the lead up to June.
Look out for a letter in the next couple of weeks "highlighting" how to update your details so we can get all the important information to you more quickly.
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VIP Parking for Cash
There's never been a better time to park your client's cash in a Macquarie Bank Term Deposit.
Not only do we offer competitive rates and an A-1 credit rating from Standard and Poor's**, but every Macquarie Bank Term Deposit comes with our VIP service tailored for advisers. You'll save time and paperwork because you can:
- apply online;
- rebate all or part of your trailing commission; and
- access a dedicated Business Development Manager.
Great benefits
A Macquarie Bank Term Deposit offers a range of great benefits including:
- Funds can be transferred quickly and easily via Direct Debit
- Both you and your client can watch the term deposit balance grow online through Active Banking
- Seamless account closure can be arranged on the same day by electronic transfer*
Apply today
Visit www.macquarie.com.au/termdeposits for up-to-date rates and to apply online.
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Investment Multiplier: Multiply your wealth without the worry
Macquarie brings you Macquarie Investment Multiplier, an investment loan that comes with no margin calls. This makes it the easy way to multiply your wealth without the worry.
Investment Multiplier offers you all the advantages of an investment loan at a competitive interest rate and with a simple flat 75% gearing ration.
With Investment Multiplier you can choose from more than 1,400 managed funds inform which to invest. Plus, you have the peace of mind of never having to be at the wrong end of a margin call.
Visit www.macquarie.com.au/investmentmultiplier for more information.
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© Macquarie Group
This information is current as at 24 April 2008
^^ There will be no commission paid on the investment.
* Where appropriately signed paperwork is received prior to 3pm AEDT on that business day
** Standard & Poor's Ratings Direct 30 July 2007
This newsletter has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL 237502 ("Macquarie") for general information purposes and adviser use only, without taking into account any potential investors' personal objectives, financial situation or needs.
The information on Macquarie Fusion Funds has been prepared by Macquarie Financial Products Management Limited ("MFPML") ABN 38 095 135 694, AFS Licence 237847 as the issuer of units in the Macquarie Fusion Funds and is current as at 17 September 2007. An invitation to apply for units in the June 2008 offer of Macquarie Fusion Funds is not yet available. The offer will be made under a Product Disclosure Statement which will be issued by MFPML and available on or around 7 April 2008. In deciding whether to acquire or continue to hold an investment, an investor should obtain a copy of the PDS and consider its contents. The PDS will be available from No.1 Martin Place, Sydney, on our website at www.macquarie.com.au/fusionfunds or by phoning 1800 550 177.
This information has been prepared by MFPML for general information purposes and does not take account of your objectives, financial situation or needs. Before acting on this general advice, you should therefore consider the appropriateness of the advice having regard to your personal situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.
The Investment and Interest Loans and the Put Option are offered by Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie"). The loans are subject to terms and conditions and to approval by Macquarie. Although 100% of the initial investment amount is protected at maturity, the amount initially invested is unlikely to have the same real value at the end of the investment term as it would when you initially invest, due to the likely effect of inflation and the time value of money.
Macquarie, MFPML or their associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment banker, broker, lender or adviser. Macquarie, MFPML or their associates may receive fees, brokerage or commissions for acting in these capacities. In addition, Macquarie, MFPML or their associates, officers or employees may buy or sell the financial products as principal or agent. You may contact Macquarie or MFPML on 1800 550 177.
Fusion® is a registered trademark owned by Macquarie and used by MFPML under licence from Macquarie.
Investments in Fusion Funds are not deposits with, or other liabilities of, Macquarie, MFPML or any other Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or capital invested. None of Macquarie, MFPML or any other Macquarie Group company guarantees any particular rate of return on, or the performance of, the Fusion Funds, nor do any of them guarantee the repayment of capital from the Fusion Funds.
The Macquarie Geared Equities Investment plus ("GEI plus") is offered by Macquarie Bank Limited ABN 46 008 583 542, AFSL 237502 ("Macquarie"). In deciding whether to acquire or continue to hold an investment, you should obtain the GEI plus Combined Product Disclosure Statement and Financial Services Guide dated 4 June 2004, the supplementary Product Disclosure Statement dated 29 May 2006, the Supplementary Product Disclosure Statements dated 30 May 2005, 29 May 2006 and 1 July 2007 (together, the "PDS") and consider their contents carefully.
The PDS is available at www.macquarie.com.au/protectedlending or by phoning 1800 656 819, or by contacting us. To acquire the product, you must complete the application form attached to the PDS. Loan terms and conditions are set out in the GEI plus loan contract and fees and charges apply.
All potential investors should obtain financial, legal and taxation advice before making any decision about whether to acquire that particular financial product. In particular, you should ensure that you understand the taxation consequences for you if you invest in the GEI plus and your payment obligations if you borrow under the Loan. Loan terms and conditions are set out in the GEI plus loan contract and fees and charges and government taxes and charges apply. Macquarie or its associates, officers or employees may have interests in the financial products referred to in this information by acting in various roles including as investment banker, underwriter or dealer, holder of principal positions, broker, lender or adviser.
Macquarie or its associates may receive fees, brokerage or commissions for acting in these capacities. In addition, Macquarie or its associates, officers or employees may buy or sell the financial products as principal or agent and as such may effect transactions which are not consistent with any recommendations in the information.
This has been prepared by Macquarie for general information only, and is not intended as a substitute for financial or other professional advice. It has not been prepared with reference to the investment needs, objectives or financial situation of any particular person, and should not be relied on as such. Potential investors should seek professional, legal, financial and taxation advice on the implications of investing to their own particular circumstances.
In deciding whether to acquire or continue to hold an investment, you should obtain the GEI plus Combined Product Disclosure Statement and Financial Services Guide dated 4 June 2004 ("PDS"), and consider its contents. The PDS is available at www.macquarie.com.au/protectedlending or by phoning 1800 656 819. To acquire the product, you must complete the application form attached to the PDS. Loan terms and conditions are set out in the GEI plus loan contract and fees and charges and government taxes and charges apply.
Full terms and conditions of Macquarie Hedging Power are set out in the relevant loan contract and fees and charges apply. In deciding whether to acquire or continue to hold an investment, you should obtain the Macquarie Hedging Power Combined Product Disclosure Statement and Financial Services Guide dated 24 June 2005 ("PDS"), and consider its contents. The PDS is available at www.macquarie.com.au/lending or by phoning 1800 656 819. To acquire the product, you must complete the application form attached to the PDS.
The Macquarie Bank Term Deposit is offered by Macquarie. Before investing in any Macquarie Bank Term Deposit product, all potential investors should obtain a Product Information Statement available from us relating to that financial product and consider that Product Information Statement before making any decision regarding that particular financial product. All potential investors should obtain financial, legal and taxation advice before making any decision regarding that particular financial product.
This 2008 Macquarie Strategy Series is available for Australian financial services licensees and their representatives (as defined under the Corporations Act 2001) only.