Macquarie has launched three new funds aimed at candidates for the Australian Significant Investor Visa program, in another sign of financial services' interest in the immigration scheme.
In a statement issued yesterday, Macquarie Specialist Investments (MSI) – a division of Macquarie Funds Group – announced it is broadening its SIV offering with three new funds.
The new funds – Conservative, Balanced and Growth – offer investors access to a diverse range of Australia-based asset classes including cash, fixed interest, listed property and equities. They complement two cash-only funds launched by Macquarie in 2013.
The suite of funds caters for diverse investor risk/return profiles by maintaining different investment allocations to the various asset classes.
Additionally, Macquarie offers SIV candidates the potential to protect and borrow against their investment, a feature that is unique to the market.
The launch of the funds follows recent changes to regulations that widen the scope of ‘complying investments’ that can be offered.
As a result of these changes, SIV candidates now have access to a greater range of Australian equity and fixed income investments.
“Investors showed strong interest in our two original SIV cash offerings, with close to $150 million either committed or in the pipeline,” MSI head Jason King said.
“The recent changes to regulations now allow us to cater to a much broader range of investor risk/return profiles,” Mr King said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 19 Jun 2018Consultant calls for ‘restricted’ product adviceBy Tim Stewart
- 19 Jun 2018Fitzpatricks Group names three new execsBy Reporter
- 19 Jun 2018Former NAB, ASIC exec approaches Dover advisersBy Aleks Vickovich
- 19 Jun 2018CBA blocks access to Dover advisersBy Aleks Vickovich
- 19 Jun 2018ANZ launches adviser wellness portalBy Reporter
- 18 Jun 2018IOOF Alliances launches service for self-licensed advisersBy Reporter
- view all