Macquarie Master Diversified Fixed Interest Fund hits $500 million after only three years

20 June 2006

Macquarie Funds Management has struck a chord with investors seeking a "one stop" fixed interest solution, with the Macquarie Master Diversified Fixed Interest Fund (DFI) nearly tripling its size over the last year to reach the milestone of $500 million.

Macquarie Funds Management Head of Distribution, Bruce Murphy said "Macquarie's Diversified Fixed Interest Fund is an industry leader when judged by performance, ease of access for advisers on leading platforms, and strong ratings received from all major research houses".

"From an adviser's perspective there were two key considerations driving the success of the Fund. Firstly most advisers believe it is prudent to have a defensive fixed interest allocation in any client portfolio. Secondly within that allocation advisers recognise the increasing need to achieve global diversification. DFI takes the guesswork out of the domestic versus global fixed interest allocation decision for advisers, providing access to a diversified portfolio of both domestic and international fixed interest securities.

"DFI's success is predominantly due to it being a one stop fixed interest solution that provides advisers and their clients with access to the higher performing segments of the fixed interest market, while maintaining the equivalent risk of a traditional Australian fixed interest portfolio." Mr Murphy said.

The Fund combines domestic and global debt securities together, utilising specialist underlying managers for global investment grade, global high yield and emerging market debt sectors. Macquarie then aims to add value through actively managing the allocation to these sectors. Mr Murphy said the fund has delivered on its objective to beat the UBS Australian Composite Bond Index, over the medium term by outperforming the index by 1.84% (after fees) over the last 3 years to 31 May 2006.

The Macquarie Master Diversified Fixed Interest Fund was developed and launched three years ago as a forward looking and innovative solution to meet adviser's increasing appetite for broader fixed interest exposure without additional risk. Mr Murphy said "as a result of this research the Macquarie Diversified Fixed Interest Fund has proven to be a unique and successful fund, positioned to fulfil a core allocation within adviser portfolios."

The Macquarie Diversified Fixed Interest Fund has a minimum investment of $20,000 for direct investment or can be accessed via leading platforms including BT Wrap, Asgard, Skandia, Navigator and Macquarie Wrap.

Bruce Murphy
Head of Distribution
Macquarie Funds Management Group
Macquarie Funds Management Group
Tel: (612) 8232 7008

Irene O'Brien
Head of PR & Communication
Macquarie Financial Services Group
Macquarie Funds Management Group
Tel: (612) 8232 3241
Mobile: (61) 417 260 309

 

Important notes

The above information is not personal advice and does not take into account the investment objectives, financial situation or needs of any person. Before making any investment decision, investors should consider the appropriateness of the information based on their own circumstances or consult a professional adviser. Macquarie Investment Management Limited ABN 66 002 867 003 AFS licence 237492 (Macquarie) is the issuer of units in the Macquarie Master Diversified Fixed Interest Fund. Investors should consider the Product Disclosure Statement (PDS) relating to the Fund in deciding whether to acquire or continue to hold units in the Fund. The PDS is available at www.macquarie.com.au or by calling 1800 814 523.

MIML is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959. MIML's obligations do not represent deposits with, 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 MIML.

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