InvestSMART Newsletter - 29th September 2003
Macarthur Diamonds is a high technology, energetic, low cost, junior company, with prospective diamond tenements. This company is expected to float/list on the ASX on 31st October 2003. More details below.
IPOs/floats are once again in strong demand
The float premiums over the past month have been nothing short of impressive. The average returns for the past month have been 40%, with not one of the nine floats listing at a discount to their issue price.
InvestSMART is currently in discussions with several companies looking to float. We hope to announce secure stock in a number of these exciting opportunities over the coming weeks. Our Platinum Members will receive priority access in any stock secured by InvestSMART. Platinum Membership benefits may be viewed here.
We currently have secure stock in GEC Asian Fund. It's an exchange-traded fund which is soon to be listed on the ASX. The GEC Asian Fund closes this Thursday, 2nd October 2003 not 26th September as previously reported.
More upcoming floats can be found here or in the "Floats" section of today's newsletter.
Our CashBack Program
Sydney's Sun Herald newspaper said InvestSMART was "Leading the charge to trim fat fees". InvestSMART rebates 100% of entry fees on nearly all managed funds and Platinum Members are able to participate in Australia's first CashBack Program which effectively reduces your management fees on participating managed funds by up to 20% by a simple annual CashBack. We are simply giving you back 80% of the trailing commission we earn from the fund manager as a result of your investments held with InvestSMART.
Do not be confused or misled if you have managed funds, superannuation or a DIY Super Trust you are more than likely PAYING MORE FEES THAN YOU SHOULD!.
Click here to find out why we have more than 83,000 clients and are considered one of Australia's biggest discounters of managed funds.
The InvestSMART Team