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InvestSMART.com.au - Newsletter

InvestSMART Newsletter - 15th December 2003

Managed Funds - "the best of the best" as rated by Money Magazine
In Money Magazine's recent edition they have rated "the best of the best" Australian Small Company and Australian Share Funds for 2004. A table of these funds and their performance are listed below.

All of these managed funds are now available through InvestSMART at 0% Entry Fee. Either download them now and get invested before Christmas or request a prospectus to be mailed out to you. Alternatively, call InvestSMART on 1300 880 160 and talk to a member of our friendly "Client Services" team.

Rubicon Multi-Strategy Notes - closes on Wednesday 17th December 2003
We think independent research house ASSIRT summed up this product well by saying...
"Rubicon Multi-Strategy Notes provide an ideal opportunity to participate in the fast growing hedge fund sector, with the additional comfort of a capital protection provided by Macquarie Bank...the offer and its structure (which is the best of its type so far rated by ASSIRT) reinforces our view that Rubicon is at the forefront of building absolute return strategies..."

Income and capital growth are linked to the performance of a basket of three absolute return funds managed by Rubicon Asset Management (the Rubicon funds). These funds on average have returned 14.3% annualised between 18th February and 31st October 2003.

To download a prospectus NOW please click here. Applications need to be in by 5pm Wednesday 17th December 2003.

OM-IP MultiStrategy Limited - Closing next Friday!
OM-IP MultiStrategy Limited is based on a new generation of Capital Guaranteed Funds which aim to provide increased diversification and lower volatility while still aiming to generate medium term capital growth of more than 12%pa^*.

The last OM-IP offer closed early and oversubscribed, we suggest all interested investors get their applications and money in early. The minimum investment is $5,000 and the subscription price is $1.00 per Share. The issue will remain open until 5.00pm Sydney time on 19th December 2003.

Click here to order your prospectus, or check out our "Investment Opportunities" section below.

Your Prosperity Our Solution
Super clients of Your Prosperity - you only have until 9th January 2004 to close your account with Your Prosperity and find an alternative solution. This date is fast approaching especially with the “silly season” just around the corner.

InvestSMART have teamed up with BT Wrap to bring you an affordable solution to your Superannuation headaches. InvestSMART is providing this service on a pure "execution only" basis (i.e. non-advice). As such, InvestSMART will not dial-up any additional fees to what BT charge for their Wrap Service probably making this Wrap Service the most cost-effective Wrap Service in Australia.

If you have any problems, concerns or queries please do not hesitate to call us on 1300 880 160.

Regards
The InvestSMART Team

Offer Overview

RUBICON MULTI-STRATEGY NOTES
	100% capital protection at maturity provided by Macquarie Bank
	potential for capital growth from a range of innovative investment strategies
	100% finance from Macquarie Bank
	annual income based on the performance of the Rubicon funds
	diversification benefits from investment in non-traditional assets
	liquidity on a monthly basis (no exit fee)
	$50,000 minimum investment
	Offer closes on 17th December 2003
Documents Rubicon Notes Flyer Macquarie Loan Application Media Release Rubicon Notes Application Master Note Document Download Tips
For further information please contact: InvestSMART Financial Services on 1300 880 160

Offer Overview

OM-IP MULTISTRATEGY LIMITED
	Capital guarantee and a rising guarantee from National Australia Bank⁺
	Aims to generate medium-term capital growth of more than 12% p.a.^*
	$5,000 minimum investment at $1 per share
	Offer closes on 19th December 2003
	Receive 12 FREE months of Platinum Membership (or extended membership) when you invest
Documents Request a Prospectus by Post Independent Research Report #1 Independent Research Report #2 Download Tips
For further information please contact: InvestSMART Financial Services on 1300 880 160

Best Rated Australian Share Funds (Money Magazine Dec/Jan 2004)

Fund Name	Assirt Rating	Sector	MER	Historical Returns*			Download a Prospectus/PDS (PDF format)	Request a Prospectus/PDS (via post)
Fund Name	Assirt Rating	Sector	MER	3 Mth	1 Yr	3 Yr	Download a Prospectus/PDS (PDF format)	Request a Prospectus/PDS (via post)
Perpetual WealthFocus Investments Perpetual's Industrial Share Fund		Industrial Shares	2.25%	0.98%	13.91%	7.84%
Perpetual Investor Choice Australian Share		Diversified Shares	1.893%	1.72%	15.03%	8.15%
Advance Imputation Fund		Diversified Shares	2.05%	0.64%	6.53%	4.39%
AMP Equity Fund		Diversified Shares	2.5%	1.71%	9.7%	0.2%	n/a

Best Rated Australian Smaller Companies Funds (Money Magazine Dec/Jan 2004)

Fund Name	Assirt Rating	Sector	MER	Historical Returns*			Download a Prospectus/PDS (PDF format)	Request a Prospectus/PDS (via post)
Fund Name	Assirt Rating	Sector	MER	3 Mth	1 Yr	3 Yr	Download a Prospectus/PDS (PDF format)	Request a Prospectus/PDS (via post)
Perpetual Investor Choice Smaller Companies Share		Small Cap Shares	1.893%	2.22%	27.03%	19.33%
Colonial First State Developing Companies Fund		Small Cap Shares	2.26%	10.97%	34.51%	9.45%
AMP Small Companies Fund		Small Cap Shares	2.5%	3.76%	33.45%	5.12%	n/a

Margin Lending is not suitable for all investments, especially if the interest rate on the loan is greater than the projected returns on the investment. Margin lending is available on the following list of funds showing this symbol .

If you wish to margin lend on any of these products you will need to request a prospectus and indicate on the request form that you wish to order a margin lending application form as well. Call 1300 880 160 for help if needed.

RUBICON MULTI-STRATEGY NOTES

Capital protected notes linked to Rubicon funds

The Rubicon Multi-Strategy Notes combine the benefits of capital protection provided by Macquarie Bank with the potential for attractive income and capital growth based on the performance of three funds managed by Rubicon.

The Rubicon Multi-Strategy Notes are seven year notes issued and capital protected at maturity by Macquarie Bank. They provide a return linked to the performance of a basket of three absolute return funds managed by Rubicon Asset Management (the Rubicon funds).

For more information and to download a application please click here

	100% capital protection at maturity provided by Macquarie Bank
	potential for capital growth from a range of innovative investment strategies
	100% finance from Macquarie Bank
	annual income based on the performance of the Rubicon funds
	diversification benefits from investment in non-traditional assets
	liquidity on a monthly basis (no exit fee)
	$50,000 minimum investment
	Offer closes on 17th December 2003
Documents Rubicon Notes Flyer Macquarie Loan Application Media Release Rubicon Notes Application EPN Master Note Document

Granite Three Pillars Limited

For the first time van Eyk Research's share selections are made available through an IPO - Granite Three Pillars Limited.

van Eyk's benchmark portfolio (34% Blue Chip, 33% Growth, and 33% Special Situations) outperformed the ASX 300 by 39.04% for the 27 months to 30 September 2003. The annualised return was 14.72%, this represents a 14.83%pa return above the ASX 300 during the same period (Past performance in no guide to future performance, please read prospectus for full performance disclosure).

Granite is seeking to raise up to $100 million. Each share carries an option to purchase another share at the float price ($1.00), expiring 19 May 2005.

For more information and to download/request a prospectus please click here

Issue Price

$1.00 per share + a free option to purchase another share at the float price ($1.00) - expiring 19 May 2005

Amount to be raised

Up to $100 million

Offer Open Date

24th November 2003

Expected Close Date

9th January 2003

Expected ASX Listiing

23rd January 2004

Documents

Download a Prospectus

Request a Prospectus by Post

OM-IP MultiStrategy Limited

Performance, security and diversification are important consideration for investors. So it's with pleasure that we present an international investment combining each of these features. OM-IP MultiStrategy Limited is based on a new generation of Capital Guaranteed Funds which aim to provide increased diversification and lower volatility while still aiming to generate medium term capital growth of more than 12%pa*. It also provides the security of a capital guarantee and a rising guarantee from National Australia Bank+.

Click here for more information.

Capital guarantee and a rising guarantee from National Australia Bank⁺

Aims to generate medium-term capital growth of 12% p.a.^*

$5,000 minimum investment at $1 per share

Offer closes on 19th December 2003

Receive 12 FREE months of Platinum Membership (or extended membership) when you invest

Request a Prospectus/PDS along with a Margin Lending Application (by post)

* As OM-IP MultiStrategy Limited is a new company and the Man & RMF Portfolio is a new investment program, they do not have any actual trading history. Past performance of the AHL Diversified Program and the Glenwood Multi-StrategyProgram is not a reliable indicator of future performance.

+ Subject to the terms of the NAB Guarantee explained in the Prospectus.

The Benefits of BT Wrap and BT SuperWrap

A single point of access to a wide range of managed funds and listed securities

Superior Product Design

Tax calculated at an individual level
Wide investment choice
Margin lending
Convenient retail features (eg savings plans)
Access to a Cash Account (used to settle transactions)
Competitive Cash Rates meaning your money is working for you even between investment decisions.

Quality consolidated reporting

Regular reports and on demand internet reporting
Year end taken care of
Simple brokerage reporting including GST
Secure 24 x 7 Internet access

Quality Transactional Service
InvestSMART's dedicated team is available on 1300 880 160 during business hours to answer any queries and handle urgent orders.

All BUY/SELL orders for managed funds need to be made through a "Managed Fund Transaction Form". These forms need to be downloaded, completed, signed and either posted or faxed to InvestSMART.

All BUY/SELL orders for listed securities need to be made through a "Listed Security Transaction Form". These forms need to be downloaded, completed, signed and either posted or faxed to InvestSMART.

Fax : 1300 880 260
Address : GPO Box 4477, Sydney NSW 2001

Fee flexibility
BT Wrap provides access to wholesale managed funds at wholesale rates plus an admin fee based on account size as follows:

Account Size ($)	Admin Fee
0 - 100k	0.845%
100 - 250k	0.75%
250 - 1000k	0.25%
1000 - 2000k	0.10%
2000k +	Nil

InvestSMART Financial Services does not dial up any additional fees, making this WRAP service probably the most cost effective wrap service in Australia.

InvestSMART Financial Services does not offer any advice, and provides an "execution only" service.

BT Wrap

Your Prosperity Instruction Guide

New Clients Forms:

BT Wrap Brochure and Application Form

Transfer out to another Administration Service

Existing Client Forms:

Managed Fund Transaction Form

Listed Security Transaction Form

Download Tips

BT SuperWrap

Your Prosperity Instruction Guide

New Clients Forms:

BT SuperWrap Brochure and Application Form

BT SuperWrap Insurance Booklet

Account Closure Request Form

Existing Client Forms:

Managed Fund Transaction Form

Listed Security Transaction Form

Download Tips

Impending Float

Company Name:	Nickel Australia Ltd (NAL)
Industry Sector:	Other Metals
Expected Offer Open:	15th Nov 2003
Expected Offer Close:	27th Nov 2003
Expected Float Date:	17th Dec 2003
Issue Price:	$0.25
Notes:	Nickel Australia's strategy is to acquire, explore and develop high grade nickel projects within Australia. The Company has secured the Nickel, Copper, Cobalt, Uranium and Platinum Group Element (PGE) rights ("Nickel Rights") over three key project areas in the Norseman-Wiluna belt of Western Australia and is raising up to $12 million to explore these mineral rights.

Recent Float

Company Name:	BrickWorks (BKI)
Industry Sector:	Investment and Financial Services
Float Date:	12th Dec 2003
Issue Price:	$1.00
First Day Open:	$1.00
First Day High:	$1.00
First Day Low:	$0.98
First Day Close:	$0.99
Volume:	490,451
Notes:	Brickworks Investment Company Limited has been formed to acquire and manage the investment portfolio of Brickworks (the “Investment Portfolio”) which, at 30 September 2003, had a market value of $157.2 million. Brickworks' Investment Portfolio has provided total returns in excess of Australian share market averages.

Upcoming Float

Company Name:	Piquant Blue Limited
Expected Offer Open:	18th Dec 2003
Expected Offer Close:	2nd Jan 2004
Expected Float Date:	12th Jan 2004
Issue Price:	$0.20
Notes:	Piquant Blue is well positioned to ride the wave in one of Australia's most exciting growth industries. There are now many olive groves and mills in Australia and the oils being produced are achieving significant recognition for quality in the industry. One of the key opportunities identified by Piquant Blue is the gap in the value chain for the marketing of premium oils in selected markets.

Upcoming Float

Company Name:	Crusader Holdings NL
Expected Offer Open:	15th Dec 2003
Expected Offer Close:	24th Dec 2003
Expected Float Date:	15th Jan 2003
Issue Price:	$0.20
Notes:	Crusader has assembled a portfolio of tenements with a special focus on gold and base metal (copper/nickel/zinc) mineralisation. Crusader also will evaluate advanced projects locally and internationally for acquisition, where they have the potential to significantly enhance the company and share price.

Upcoming Float

Company Name:	Austin Engineering Limited
Expected Offer Open:	15th Dec 2003
Expected Offer Close:	6th Jan 2004
Expected Float Date:	23rd Jan 2004
Issue Price:	$0.20
Notes:	Austin Engineering has evolved through the De-merger of West Australian Metals' engineering and mineral assets. It is a business that has had a sound revenue and earnings base for over 20 years. Austin Engineering is a well established Queensland engineering business with a good reputation in the construction and fabrication industry. This provides a solid base for the Proposed Board of Austin to build upon.

InvestSMART's Broker Consensus Report collates around 18 of Australia's top brokers weekly recommendations (Strong Buy, Buy, Hold, Under-preform and Sell), and presents these in a searchable database. It is an important report highlighting potentially valuable investment opportunities. Why trust one broker when you have access to the opinions of several?

To become a Platinum Member and see the latest Broker Consensus Report - released at the close of business on Friday 10th October 2003 (plus our archive of past recommendations on over 400 ASX listing companies) - please click here.

Company		Brokers Surveyed	Consensus Recommendation*
	VALAD PROPERTY GROUP (VPG)	3	Strong Buy
	GREAT SOUTHERN PLANTATIONS (GTP)	2	Strong Buy
	WILLMOTT FORESTS LIMITED (WFL)	2	Strong Buy
	TOWER LIMITED (TWR)	7	Sell
	BIOTA HOLDINGS (BTA)	1	Sell
	LOOKSMART LIMITED (LOK)	1	Sell

* Recommendations as at 12th Dec 2003. Data compiled and supplied by Thomson Financial First Call.

more...

Company		Comment	Dividend (per share)	Franking	Ex-Dividend Date	Payment Date
	Rivkin Financial Services (RFS)	2004 Half Yearly Result	1 ¢	100%	17th Dec 2003	5th Jan 2004
	Prime Infrastructure Group Limited (PIF)	2004 First Quarter Result	5.25 ¢	0%	23rd Dec 2003	26th Feb 2004
	Ten Network Holdings Limited (TEN)	2003 Special Event	5.5 ¢	100%	23rd Dec 2003	8th Jan 2004
	Abacus Property Group (ABP)	2004 Half Yearly Result	2.8 ¢	0%	23rd Dec 2003	12th Feb 2004
	Macquarie Communications Infrastructure Group (MCG)	2004 Half Yearly Result	11.2 ¢	0%	23rd Dec 2003	12th Feb 2004

more...

InvestSMART makes no recommendations as to the merits of any investment opportunity referred to in this email. Before making any investment decision on the basis of any reports or information provided you must read the disclosure document and make your own investigations regarding the accuracy, reliability and completeness of this information.

Features marked with a are available to Platinum Members only. Platinum Membership benefits may be viewed here.

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