Though the economic downturn is still being felt across the world, Australia’s
overall experience in 2010 has been one of recovery, pointing to a potential
period of positive economic growth.
Likewise, the performance of the sharemarket this year following the recovery
since March 2009 has been a clear relief to those who experienced the sharp
decline in fortunes throughout 2008.
Since the inaugural InvestSMART Funds Flow Survey in July 2009, we have
observed more funds filtering into the highly profitable and stable banking and
resources sectors, and a significant shift out of Australian small caps and into
Australian large caps.
The InvestSMART Funds Flow survey aimed to investigate investors' views on investment strategy in the self-directed investment sector for 2009. This was to understand the asset classes investors were putting their money into over a six month period, to allow InvestSMART to provide investors with the research, tools and products to help them reach their goals.
From January - December 2009, www.investsmart.com.au was ranked #1 in the Hitwise Australia 'Business and Finance - Superannuation' industry based on number of visits.
8 Mar 2010
InvestSMART ranks #1 in the Hitwise Awards
From July - December, 2009, www.investsmart.com.au was ranked #1 in the Hitwise Australia 'Business and Finance - Superannuation' industry based on monthly average market share.
8 Mar 2010
InvestSMART wins a Hitwise Top 10 Website Award
From July - December, 2009, www.investsmart.com.au was ranked #6 in the Hitwise Australia 'Business and Finance - Business Information' industry based on monthly average market share.
8 Mar 2010
InvestSMART wins a Hitwise Top 10 Website Award
From July - December, 2009, www.investsmart.com.au was ranked #9 in the Hitwise Australia 'Business and Finance - Stocks and Shares' industry based on monthly average market share.
10 Sep 2007
Fairfax buys online funds management business [more...]
Fairfax Media is continuing its online expansion by acquiring InvestSMART, a managed funds internet site for $12 million.
Fairfax Digital, the online arm of the media group, will merge InvestSMART with its Direct Access service and says the combined businesses will have more than $1 billion in funds under management.
InvestSMART enables customers to research and purchase from more than 4,000 managed funds. Direct Access is a similar business with exposure to 1,100 managed funds, superannuation and retirement income products.
Fairfax Digital chief executive Jack Matthews said the acquisition came as non-advisory wealth management and online transactional sectors experienced strong local demand.
''Direct Access and InvestSMART have highly complementary audiences but little customer duplication, meaning the combined entity will be a leading provider of access to investment products with no ownership ties to any financial institution,'' Mr Matthews said.
Fairfax Digital said it expected InvestSMART to be ''a value accretive transaction from day one'' and will strengthen the company's position against increasing competition.
Last month Rupert Murdoch's News Corporation sealed a deal to buy Dow Jones & Co, which includes assets such as Dow Jones Newswires and The Wall Street Journal.
''This deal had its inception before the Dow Jones deal was done,'' Mr Matthews said.
''But most of what we do is about competition, so knowing the Dow Jones deal is done strengthened our encouragement and need to do some things ourselves to make sure we have a competitive edge.''
Mr Matthews said Fairfax Digital was planning more small-scale acquisitions.
''We're always on the lookout for acquisitions and there are a few things that could turn out to be successful, but we're not looking at large-scale acquisitions.''
The merged business, which will start operation in October 2007, will run under the InvestSMART brand.
Whether it is a managed fund or a retail superannuation fund, investors must generally pay an ongoing trail commission out of their capital to their financial planner or product provider.
They may also be slugged with an upfront fee by the adviser and the product provider.
TrailCap, developed by InvestSmart, allows families to cap the commissions they pay at $396 a year, no matter how many products they collectively hold.
Alternatively, until December 30, investors can choose to sign up for a 50 per cent cash refund on the commissions for the next 12 months. Under both options there are no upfront fees and all entry costs are fully rebated.
TrailCap's web-based system (www.investsmart.com.au) also allows investors to monitor and track the trailing commissions paid on their managed funds, super and allocated pensions.
The site contains research from research houses such as Assirt, but it does not provide individually tailored advice.
If you don't want personal specific financial advice, then InvestSmart is hard to beat on cost.
Low fees? I'm wrapped
Using an online portfolio administration service can make you money rather than cost you fees, says Ron Hodge, managing director of InvestSmart, a company that provides a free service called TrailCap.
The premise behind TrailCap is that an investor nominates InvestSmart as the dealer recipient for trailing commissions from managed funds. InvestSmart then tracks all managed fund fees and caps any trailing commissions it receives, refunding the excess to the investor.
"Say an investor has managed fund investments paying $1000 in trailing commissions (to InvestSmart). We cap the fee for the service at $396. We then rebate the excess of $606 to the investor," Mr Hodge says.
"No one pays for our services. By filling in a simple transfer form, you can track trailing commissions and receive a cheque."
InvestSMART’s new trailing commission tracking device, TrailCap, has reported $40 million in investments since the program launched in June 2005.
TrailCap does not require that investors switch out of their existing funds and they do not and cannot pay us for the service which provides a monitoring and tracking program of trailing commissions on their managed fund, super and allocated pension investments.
InvestSMART’s Managing Director, Ron Hodge, said that the program's popularity is simple because it offers a service to clients for free which returns them money and at the same time services fund managers through distribution.
"It's money for jam in some ways. Investors cannot pay us for this service and yet we are sending them out cheques of hundreds of dollars on a daily basis. On the other side of the fence, we have fund manager's paying us money for advertising and promoting them - it's distribution."
Hodge adds that aside from the monetary and free service incentives, the program’s popularity reflects a growing demand for transparency of fees.
16 Oct 2005
Sun Herald (by David Potts)
How to dodge sneaky fees
THERE'S no such thing as a free lunch, of course. But that doesn't mean you have to pick up the tab, either.
Especially when it comes to trailing commissions or trails, those sneaky annual payments charged by fund managers for your business. These typically range from 0.4 per cent of the value of your investment up to 1 per cent or so, although apparently they can reach as high as 6 per cent on some insurance and super products.
But it's you who's really paying it. Even if you buy a managed fund from an adviser who charges an hourly rate instead of taking a commission, and so get a rebate on the trail, if you're lucky or perhaps persistent, depending on who it is, you finish up paying a higher fee.
If you buy a wholesale fund through an adviser's wrap service then mostly you can avoid the trail. But since you're paying extra for the wrap, as well as the normal adviser fee, you could finish up paying more anyway.
Trails have spread throughout the financial system and have been justified as a sort of layby on entry fees. If there weren't trails, the argument goes, though not all that convincingly, the upfront entry fees would be higher.
Or try this. Fund managers would have you believe the trails are paid to advisers so they can give you free annual advice. That's very public spirited of them, but incidental to the real reason they pay trails, which is to get advisers to sell their product.
While you can find ways of avoiding the trail, or at least getting it refunded to you, that's no consolation if you're already in a fund that has one.
Until now. InvestSMART (www.investsmart.com.au) will let you download a dealer nomination form for most big funds. This doesn't affect the fund or your returns, but the management fees will be lower.
You get to choose between getting half the trail back each year, or capping it at $396. As a rule, if you have $200,000 or more invested, and you can add in other fund investments of family members, the cap is better.
This means InvestSMART is paying you to become a customer. "It is impossible for anyone to pay us," managing director Ron Hodge says.
Or put it this way. The fund manager is paying you to circumvent advisers and be a client of InvestSMART. Which makes it an expensive free lunch for advisers.
19 Oct 2003
Get up and party while the bubbles last
SO FAR so good. We're well into October, the month that brought you the great crash of 1929 and the crash of '87, not to mention other upsets, and nobody's batting an eyelid. Instead, Wall Street is in party mode.
More than a dozen new floats have been lodged with the Australian Securities and Investments Commission (ASIC) in the past fortnight, says Ron Hodge of InvestSMART Financial Services. One recent float, NKWE Platinum , sold at a 136 per cent premium on its first day.
The turnaround came with the Promina float in May which, despite a cool reception from brokers, hit a nerve with mum and dad investors and the institutions.
The next cab off the rank is the spin-off of pubs from the Foster's Group. The Australian Leisure and Hospitality Group offer closes on Wednesday.
20 Sep 2003
Sydney Morning Herald
Avoiding the three deadly sins
A full-fee fund purchased through a discount broker (so the upfront fee is effectively nil) produces a better return over a 10-year period then either investing at full retail fees, or even opting for a nil entry fee fund (NEF funds are now mainstream for Fund Managers though usually carry a higher MER).
You can save even more, and improve your long-term returns further still, if you use InvestSmart's CashBack service, in which a portion of the ongoing fee is also returned.
To use the service you must be a Platinum Member of InvestSmart, which costs $297 a year.
InvestSmart receives trailing commissions from fund managers (which the managers pay out of the ongoing fees they charge investors), and InvestSmart redistributes a large proportion of that commission back to investors.
31 Aug 2003
Join in the running of the bulls
But it's smaller stocks that have really taken off in the past few months. Many aren't followed by brokers, which is both a plus and a minus. A plus because you might be one of the few to have discovered them; a minus because you have to do all the research on them yourself.
Traders tend to treat them according to the law of natural survival: by spreading their investment over a lot of them, they stick with the ones that take off, dumping the others.
Stocks that have the most buy recommendations at the moment are Westfield America Trust, Downer EDI and Jubilee Mines, says InvestSMART.
28 Aug 2003
Doubts ( DIY Super Funds)
Some investment and super specialists describe the latest rush to DIY super as ill-timed, with the recovery that appears to be emerging in world equity markets. These specialists forecast that the highly conservative investment policies of most DIY funds are not expected to keep pace with the big funds. Money was believed to be still pouring into DIY funds as the Australian stockmarket reached a 12-month high in August.
Ron Hodge, a director of the discount financial services firm InvestSmart, suspects that the typical DIY fund will remain heavily invested in cash even as equity markets recover. "I think many DIY funds are in cash because they don't know what to do with their money or they are scared. All many know about is cash (or property), so they leave their money there."
5 Jul 2003
Sydney Morning Herald
Finally, a commission rebate
If you've paid a fee for financial planning advice that entails placing money into a managed fund, the last thing you need is more costs on top.
It's a common practice for financial planners who charge a fee to rebate the commissions that they receive from fund managers when they place an investor's money into a fund.
Effectively, this reduces the cost for investors of buying into a managed fund. But the upfront commission isn't the only payment an adviser receives. Fund managers pay a so-called ``trailing commission", paid to advisers each year based on how much money they have put into a manager's funds. An adviser receives the trailing commission for as long as the money stays invested in those funds.
In many cases, investors don't even know their advisers are being paid that way. Rebates of trailing commissions to investors rarely happen.
But that's about to change, and for the first time investors have the choice of using a service that will cut the cost of investing in managed funds.
This week the online financial services group InvestSMART launched a fee redistribution feature. Investors who use its service to put money into managed funds will receive an effective rebate of most of the trailing commission. Managing director Ron Hodge says growing pressure for planners to charge a fee for their service is behind the launch of the CashBack program, available to investors who subscribe to InvestSMART's Platinum service.
``We think there's going to be a massive shift," Hodge says. ``At some stage the financial planning industry and financial services industry are going to have to go to fee for service. That's probably 10 years away, but we're trying to set up a business model for that future.
1 Jun 2003
Select the right gear
Gearing is not a one-size-fits-all strategy. It requires a careful approach, tailored to suit your clients' needs and circumstances.
Gearing - using borrowed money to invest - is a well-established investment strategy. Australians have borrowings of more than $10 billion invested in shares and managed funds, using margin loans and protected equity loans.
"Gearing does not complement short-term financial objectives," says Ron Hodge, director of investsmart.com.au. "You usually gear into growth assets to achieve higher returns over the long run than the interest charged.
"Growth assets are suited to long-term time horizons to smooth out bumps. Use cash management trusts and capital protected investments if saving short term for a house loan."
11 May 2003
The road to riches
If you have $5000 to invest but think a P/E ratio is something that happens on the school sports field, you had better read on, John Dagge writes.<'p>
FOR L-PLATE investors, buying shares is always nerve-racking and the events of the past two years have been no great advertisement.
Ask yourself a few questions.
What is your time frame? How long do you plan to keep this investment? Is it the start of a long-term investment strategy or do you have a shorter time frame in mind?
How hands-on do you want to be with your investment? Are you prepared to do the work required to actively manage your portfolio? Or do you want to treat it like a bank account put your money in and forget about it until the statement arrives?
What is your risk profile? Are you comfortable risking your initial outlay to chase higher returns? Will you be able to sleep at night when your investment fluctuates wildly? If not, is it worth chasing those higher returns?
``These are the things that new investors need to ask themselves because it tells them what they should be going for and what type of asset allocation they will be happy with," InvestSmart 's Ron Hodge said.
8 Dec 2002
Only way is up for Telstra, but should you hang on
MUM and dad investors plan to hold on to their Telstra shares or to buy more, even though some brokers put a sell recommendation on them for the first time, a survey by www.investsmart.com.au shows.
The Float News publisher and discount financial-services provider surveyed more than 1,200 investors during the week.
They were asked whether they would buy, hold, sell or top up Telstra shares at its price of about $4.55.
About 38 per cent said they would buy Telstra shares and another 7pc will top up their holdings. Only 16pc are planning to sell.
But the survey also revealed most Telstra sellers would buy other blue-chip stocks instead.
28 Aug 2002
Australian Financial Review
Defensive fightback brings its own risks
InvestSmart director Ron Hodge said current market conditions highlighted the shortcomings of historical methods of diversification for investors who had reached the end of their wealth generation phase.
"Historical analysis has shown that a diverse approach across different sectors will support a relatively safe, rising yield curve for investors over the long term, but for people who don't have a long-term outlook, this can prove a hostile investment strategy," he said.
Mr Hodge said investors at the end of their wealth creation stage should zero in on property or fixed income to achieve a stable and reliable income stream.
Debentures are a form of corporate bond mostly issued by finance companies with a floating charge over the company's assets.
These investments tend to offer yields higher than those of government, semi-government and corporate bonds.
1 Aug 2002
Online investment group FloatNews International has recently added a raft of online tools including a free managed fund web site aimed at helping investors choose the right investment. www.fundsmart.com.au is a handy place to access analytical tools and investor education on managed funds and super. Investors can also invest in 50 managed funds and 10 super funds.
To celebrate the occasion, FloatNews has changed its name to InvestSMART. Old FloatNews members are now re-directed to the new site at www.investsmart. com.au, where, in addition to the usual services of upcoming floats and capital raisings, investors can become paying subscribers to access recommended share portfolios and broker consensus reports.
In conjunction with research house van Eyk Research, InvestSMART offers four model share portfolios - the blue chip, special situations, growth and income portfolio - as well as the collated buy/sell recommendations of 20 leading equity brokers.
25 Jul 2002
Australian Financial Review
Choosing a broker is like choosing a new suit
Unfortunately, the investment banking arm was sometimes more concerned with strong relationships with its corporate clients and issuing positive research reports in the hope of winning new business than it was in making genuinely impartial and unbiased investment calls.
The use of a research service that is independent of any transaction service is one way around this potential problem.
Firms such as InvestSMART, for example, offer research, analysis and buy-and-sell recommendations.
But InvestSmart and organisations like them have no financial interest in an investor's actual transaction. The companies make money from charging a subscription fee for their newsletters. Recommendations are free from the potential conflicts of interest that can arise from bundling research, recommendations and transactions into a single service.
9 Jul 2002
Australian Financial Review
Online financial news provider FloatNews has changed its name to InvestSMART. It has a free managed-funds website and a subscription service, www.investsmart.com.au.
13 Jun 2002
Older, poorer and wiser
In today's uncertain market, the number of IPOs looking for capital has fallen sharply. This is not just because the investing public is more wary; the broking community is more reluctant to give the thumbs-up to just any company looking to raise capital. (ASX figures show there were 182 IPOs in 2000, and only 84 in 2001.)
Ron Hodge, the managing director of InvestSMART, an online financial investment service that distributes an investment newsletter twice a week to about 100,000 subscribers, says: "Many lessons were learnt in the tech crash, or maybe it would be fairer to say many lessons were taught again ... [they were] all about cashflows and realistic earnings projections. The price/earnings multiple is still very important."
12 Mar 2002
Australian Financial Review
It all adds up to extracting value
A different way of determining a preferred portfolio of stocks is provided by Floatnews International through its InvestSMART website (investsmart.com.au). Floatnews provides a ``Broker Consensus" report that summarises the recommendations of all of the 18 participating brokers.
Investors can be presented with various reports of broker recommendations from ``strong buys" through to ``sells".
Of course, a principal interest in the reports from investors has been those stocks identified as ``strong buys". Floatnews found that if investors had invested in every ``strong buy" recommendation from the ``Broker Consensus" report since it was first publicly released on December 14 last year, they would have recorded an average return of 23 per cent on their initial investment (if held until March 1).
21 Apr 2001
The Australian (page 39)
Floats come back to earth
Author: Helen Matterson
Australian companies are adopting a more cautious approach to
sharemarket floats in April 2001. In 2000 146 companies listed on the
Australian Stock Exchange (ASX), but on 21 April 2001 there had been only one
float for the month. Jim Noort, a director of FloatNews, says that investors
and companies are both waiting for the market to reach the bottom. According
to Noort, dispute the collapse of Internet stocks 2000 was a lucrative year
for capital raising.
The number of sharemarket floats in 2001 is predicted to be half that of 2000. FloatNews recorded in late 2000 that there were 176 new stock market floats in Australia during 2000. In 2001 the investor appetite for new floats is expected to be restrained by the evidence that in 2000 96 of the new floats that listed were below their issue price. Jock Clough, of HP JDV, believes that there will be nervousness about issuing new initial public offers at least in the first half of 2001. Eleven resources companies listed in 2000,all in the period after mid-June 2000.
The average premium to issue price, or stag, ratio for the seven new floats backed by D&D Tolhurst in 2000 was 179%. This qualifies the stockbroker as Float News' best broker for stags. Its star performer was Axon, which had an issue price of $A0.20 when it listed on 3 March 2000 at $A1.65. The six floats in which HP JDV was involved recorded an average 15 per cent gain. The poorest performing firm, of those involved with three or more new floats for 2000, was UBS Warburg. Its average stag ratio was minus 0.6 per cent.
Over 850,000 Australian investors exited stock ownership in three months. In early December 2000 this is a significant check to popular share investment. Access to shares of Telstra and NRMA increased at a time the market was placing incredible values on start-ups and new technology companies. A check to Nasdaq-listed stocks in April 2000 began a slide in share prices. Australian stocks lost $A36bn in the initial market readjustment. Companies such as Sausage Software, Solution 6 and Securenet are well below their peak prices in early December 2000. Many first-time investors find their lack of expertise has cost them money. For companies such as FloatNews.com.au, the investor mood change means a return to a more sober market. Commonwealth Securities advises investors the best strategy for active investment incorporates vigilance, knowledge and willingness to obtain good advice.
On the evening of Saturday 25th November FloatNews International Pty Ltd was announced as the winner of the "Best Innovation IT&T - Banking & Finance" category at the annual Asia-Pacific Queensland IT&T Awards for Excellence. This prestigious award, open to entrants from around Australia, allows FloatNews to travel to Malaysia early in 2001 to compete in the Asia Pacific IT&T Awards - the world's largest IT&T awards.
Three University of Queensland friends are enjoying the success of their new company, Floatnews Australia Pty Ltd. Founders Nigel Poole, Jim Noort and Ron Hodge were all studying different fields when they decided to start a business. They founded the company in October 1999 after noticing a surprising lack of information about new companies listing on the sharemarket. The company, which now boasts 82,000 subscribers, has been expanded to allow investors to invest through online prospectus centre, FloatNews Capital. The company has also expanded in Great Britain with FloatNews.co.uk. Growth has been helped through web site links with several companies, including John Fairfax Holdings Limited's F2 network, Telstra Corporation Limited's Telstra Big Pond, and Bourtonfield Holding's Stockhouse. The company does not plan a float of its own in the near future.
15 Mar 2000
The Herald Sun
The Hot Floats
The resentment of small shareholders who apply but miss out on the hottest new floats is growing, with allegations of preferential treatment for the wealthy and well-connected. "They're bloody pissed off", says Jim Noort, co-founder of the popular investment Website floatnews.com.au. I often get e-mails saying IPO stands for "initial public offer", but its not a public offer. It's an offer to people in the club; the Kerry Packers, the guy who went to school with the broker, or the woman in the bridge club with the wife of the broker. That's the way it works: there's a lot of the old school tie and that clubby thing of who you know. There's also the celebrity aspect and they will give an allocation to a high profile person to push it along." Mr Noort was so angry at missing out on stocks in hot floats that he and two partners launched floatnews.com.au last October to make more information about new stocks available to the average punter. The service which includes a free weekly e-mail newsletter, already has 50,000 subscribers, testament to the enormous interest surrounding shares. Mr Noort says his service has partly leveled the playing field by making more information about floats available to small investors, but admits they are still disadvantaged. "There's only a finite supply of shares to go around and almost infinite demand," he says. "So people miss out."
22 Feb 2000
The Sydney Morning Herald
CBA sites scoop the finance pool
...A surprise addition to IMR's top 10 was FloatNews.com.au, a site established just four months ago by Queensland mechanical engineer Mr Jim Noort.
Mr Noort said the number nine ranking was "pretty amazing when you consider the site was not built for stickiness". Stickiness is internet jargon for a site's ability to generate repeat visits.
FloatNews provides a free list of upcoming floats via an email newsletter. Mr Noort said it had 45,000 subscribers and last month added between 15,000 to 20,000. He said more then 100 new subscribers were joining each day through word of mouth alone.
Next month FloatNews will introduce a paid subscription service offering float news, a live chat room and a live charting facility...
...But checks against other similar lists indicated that the ASX had not included every single new listing. Probably the most comprehensive source of information on proposed listings is the new FloatNews.com.au service (www.floatnews.com.au) which was launched last October. Subscribers receive free email notices of impending new floats, including a brief outline of the companies activities, information about the public share offer and contact details for a prospectus.
FloatNews also emails subscribers two days in advance of the company's actual market listing, for those who wish to buy in the secondary market. It later provides a brief post-mortem on how the shares performed on the first day...
18 Jan 2000
The Bulletin Magazine
Buy Early and Sell Often
Jim Noort, the driving force behind Floatnews, (www.floatnews.com.au), an innovative web site designed for investors targeting IPOs, says there is no doubt investors who have a significant relationship with a large stock broking group have a head start when it comes to getting access to the better floats. "It is one of the major benefits of being prepared to pay the relatively high trading commissions charged by such brokers," he says, "if you put enough business a broker's way, it is only logical that you will get preferential treatment when a float is on offer". "The trouble," he says, "is that most Australians who invest in the stock market either do not invest enough or do not trade enough to gain preferred status with a large broker. As a result they are better served by the discount, internet-based brokers even though, at this stage, such brokers are rarely able to offer access to a float." "There is a trend developing in the US where some of the bigger online brokers carry out a lottery to determine which of their clients get an allocation in a new float, " say Noort. "Since we usually emulate the US, it is likely this approach will be taken up in Australia." In the meantime, smaller investors can at least find out which IPOs are about to be offered by signing up to receive email updates from Floatnews. These list forthcoming floats and their basic details, as well as providing information about companies that have just listed. While Floatnews, run by Brisbane-based Narrowcast Investments, provides this service free, it will soon launch a new subscription site that will provide much more detailed information on the various floats.
7 Dec 1999
Float Like a Butterfly
Another day, another dollar raised by an Internet float.
Having trouble keeping up with what's coming up? Try logging on to www.floatnews.com.au. A product of Narrowcast Newsletters, this site offers you a concise e-mailed newsletter on upcoming Australian dotcom floats.
What you'll get is all the useful stuff such as opening and closing dates, amounts sought, issue prices and prospectus details.
You'll also get a brief company synopsis covering operations, history and management. But you don't get advice or recommendations on whether to invest. And, while this helpful site certainly floats like a butterfly, it won't sting like a bee - it is free.
All up, this is a simple, effective, independant, timely information service which gives you know excuse for missing out on that hot float just because you didn't hear about it until it was too late.
7 Nov 1999
The Sunday Mail
Sink Or Swim
"I would have bought some shares had I known they were floating". Well, now you can. FloatNews.com.au is a free service that lets you know when a new company is floating on the Stock Exchange.
FloatNews doesn't offer any advice or recommendations but it does provide a brief run down of what the company being floated does and some important dates such as when the float closes.
In it's Frequently Asked Questions section is the obvious" "What's the catch?"
But the answer is: "There are no catches - FloatNews is a 100% free service with no obligations whatsoever."
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.