InvestSMART Newsletter - 20th September 2004
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Did you know that parents, relatives and friends can make superannuation contributions on behalf of children who are under the age of 18? Superannuation contributions on behalf of a child can be made up to a limit of $3,000 per child per 3 year period. However, there is nothing to stop a person from opening child accounts with different superannuation funds and contributing the $3,000 limit per 3 year period, with each fund. Please find a selection of suitable funds and more information below
HFRX Global $A Capital Protected - Series 1 - Offer closes 18th October 2004.
"A new Australian capital protected* fund that accesses global hedge funds."
HFRX Global $A Capital Protected - Series 1 seeks to provide investors with a return by capturing the performance of the HFRX Global Hedge Fund Index ("HFRX Index") together with dynamic capital protection* over six years by Commonwealth Bank. The HFRX Index is an investable hedge fund index developed by the Chicago based HFR Asset Management LLC (HFRAM) to track the performance of the global hedge fund industry.
Macquarie Bank have agreed to offer approved applicants a 100% loan to invest in HFRX Global $A Capital Protected - Series 1 through their "Macquarie 100% Investment Loan". That is, Macquarie will lend you 100% of the initial investment, so the only payment you make going forward is interest on your loan. To request your brochure about this loan simply click here and fill in the form.
To order a copy of the PDS and receive a 100% rebate on the 2% upfront commission associated with this offer call InvestSMART on 1300 880 160 or click here.
Blue Ensign Technologies Limited - Float/IPO expected to close on 15th October 2004.
Blue Ensign Technologies, better known for its "Unified Messaging" technology which enables various communications media such as fax, email, voice, SMS and instant messaging to communicate directly with each other, has entered into an agreement to acquire 60% of IMNcontrol Pty Ltd.
To order a copy of the prospectus click here or call InvestSMART on 1300 880 160.
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The InvestSMART Team