agent007 said:
Unfortunatly there is no interest assistance loan with this product.
agent007 said:
No difference - it is exclusive to FF so it will come back to us anyway.
Peter Spann 1 Day Investor Update
- Thread starter Cheeks
- Start date
Unfortunatly there is no interest assistance loan with this product.
No difference - it is exclusive to FF so it will come back to us anyway.
Still not sure where 12% came from - the performance last year was 13.8% net of fees.
14.4% annualised since inception net of fees.
14.4% annualised since inception net of fees.
Peter
Assuming I invested 200K, FF gets an immediate 6K advisor fee (3%) thus 194K is invested in the 2 strategies. Is that correct or are there any other fees that came out of the initial investment straight up?
Is the capital protection offered for the full amount ie 200K or only the amount that gets invested in the fund itself ie 194K?
Gazza
Assuming I invested 200K, FF gets an immediate 6K advisor fee (3%) thus 194K is invested in the 2 strategies. Is that correct or are there any other fees that came out of the initial investment straight up?
Is the capital protection offered for the full amount ie 200K or only the amount that gets invested in the fund itself ie 194K?
Gazza
Melbear
The PDS definitely says there is a 3% of the initial amount invested advisor fee. I asked Peter earlier in this thread whether FF would rebate this fee and his answer was no. I would still like confirmation though that this is the only fee deducted from the amount invested and also what amount is capital protected.
Gazza
The PDS definitely says there is a 3% of the initial amount invested advisor fee. I asked Peter earlier in this thread whether FF would rebate this fee and his answer was no. I would still like confirmation though that this is the only fee deducted from the amount invested and also what amount is capital protected.
Gazza
gazza said:
HAve you rung the number provided in the PDS to find the answer to these questions?
OSS
OSS
I took your advice and rang the Macquarie number. They transferred me to Freeman Fox. Spoke to 2 people there and got slightly different answers but basically the deal seems to be like this:
Invest 200K - all 200K gets invested in the fund and capital protection is available for the full 200K
Macquarie will pay FF the 3% fee immediately ie 6K but will recoup that 6K out of my distributions. Neither person was quite sure whether that was over the life of the investment or from the first distribution. The percentage return quoted for the buy/write fund ie just under 14%pa is net of all fees EXCEPT the FF advisor fee (so that needs to be factored in when doing your DD).
So while I now have an answer, I would still appreciate Peter confirming them.
Gazza
I took your advice and rang the Macquarie number. They transferred me to Freeman Fox. Spoke to 2 people there and got slightly different answers but basically the deal seems to be like this:
Invest 200K - all 200K gets invested in the fund and capital protection is available for the full 200K
Macquarie will pay FF the 3% fee immediately ie 6K but will recoup that 6K out of my distributions. Neither person was quite sure whether that was over the life of the investment or from the first distribution. The percentage return quoted for the buy/write fund ie just under 14%pa is net of all fees EXCEPT the FF advisor fee (so that needs to be factored in when doing your DD).
So while I now have an answer, I would still appreciate Peter confirming them.
Gazza
I find it amazing that staff meant to handle enquiries for this product and others are not crystal clear on fee structure, process of application etc etc.
Hardly a good impression to the customer. But I have faith this was a one off.
My experience of managed funds is that they usually deduct the upfront fee (3/4/5/6% from your initial contribution, and from any new contributions other than income reinvestment.
Occasionally they will take upfront fee over a 2/3/4 year period but this is not all that common.
OSS
Hardly a good impression to the customer. But I have faith this was a one off.
My experience of managed funds is that they usually deduct the upfront fee (3/4/5/6% from your initial contribution, and from any new contributions other than income reinvestment.
Occasionally they will take upfront fee over a 2/3/4 year period but this is not all that common.
OSS
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Equity Enhanced Income Fund
Dear All,
The above fund will pay a Placement Incentive Fee of 3% (inclusive of GST) to Freeman Fox. This cost is paid by MPML out of its own resources. MPML will then be reimbursed by the fund by charging 0.50% per annum of the Aggregate Capital Protected Amount until 2 July 2012.
This is all detailed on page 29 of the PDS along with other costs of the fund. You need to remember that an "Absolute Return" Fund is always going to have a higher ongoing cost when compared to a standard retail managed fund given the constant active management on a daily basis.
At the end of the day like any investment you need to understand what are the costs, risks and beneifits. This along with how it will potentially compliment your own goals and objectives will determine ultimate decisions. Wealth Club members of Freeman Fox will be contacted and provided with appropriate advice by Wealth Creation Managers who know the product inside out.
Non-members will need to read the PDS. I am happy to provide "factual information" in this forum. I am unable to provide advice in this forum.
We are very excited about the fund and have had a massive response from Wealth Club members and non-members alike. This product has been 12 months in the making and the underlying strategies have been a fair percentage of Peter's strategy over the years. It is likely that the fund will be oversubcribed so please don't leave any applications until the last minute.
Yours sincerely
Darren Brind
Freeman Fox Ltd
Dear All,
The above fund will pay a Placement Incentive Fee of 3% (inclusive of GST) to Freeman Fox. This cost is paid by MPML out of its own resources. MPML will then be reimbursed by the fund by charging 0.50% per annum of the Aggregate Capital Protected Amount until 2 July 2012.
This is all detailed on page 29 of the PDS along with other costs of the fund. You need to remember that an "Absolute Return" Fund is always going to have a higher ongoing cost when compared to a standard retail managed fund given the constant active management on a daily basis.
At the end of the day like any investment you need to understand what are the costs, risks and beneifits. This along with how it will potentially compliment your own goals and objectives will determine ultimate decisions. Wealth Club members of Freeman Fox will be contacted and provided with appropriate advice by Wealth Creation Managers who know the product inside out.
Non-members will need to read the PDS. I am happy to provide "factual information" in this forum. I am unable to provide advice in this forum.
We are very excited about the fund and have had a massive response from Wealth Club members and non-members alike. This product has been 12 months in the making and the underlying strategies have been a fair percentage of Peter's strategy over the years. It is likely that the fund will be oversubcribed so please don't leave any applications until the last minute.
Yours sincerely
Darren Brind
Freeman Fox Ltd
Peter or Darren
Why would one invest in the Macquarie Enhanced Equity Fund as opposed to the Macquarie Newton Specialist Fund? This fund incorporates the Buy/write fund and the Income timing fund as well as 4 or more other Macquarie Funds. It also has capital protection and !00% finance available. From my understanding it is also primarily an income fund designed to provide cashflow.
cheers
Gazza
Why would one invest in the Macquarie Enhanced Equity Fund as opposed to the Macquarie Newton Specialist Fund? This fund incorporates the Buy/write fund and the Income timing fund as well as 4 or more other Macquarie Funds. It also has capital protection and !00% finance available. From my understanding it is also primarily an income fund designed to provide cashflow.
cheers
Gazza
gazza said:
I might have misunderstood your question. The Mac Newton Specialists Funds are 10 separate funds in their own right. From my understanding, only ONE of these - the Multi Strategy Cap Protected fund is cap protected. This is the one PS talked about end of 2005. Series 1 is closed.
Cheers,
The Y-man
gazza said:
From my point of view the MEEIF was designed for our clients who:
a. Probably already have looked at Newton and either:
i. have it or;
ii. would prefer a fund more closely linked to my strategies
b. Want a fund specifically designed around our strategies (Buy Write and Dividend Run Up)
The MEEIF is a far more concentrated fund then the general Newton product and it is specifically designed to produce income whereas Newton has income and growth components.
In the end it is about suitability to your investing needs.
Unfortunately for us (because Macquarie “promised” us they would not release it again in competition to the MEEIF), Newton does offer Capital Protection and 100% Finance for a limited period.
If you wish to invest in Newton as well as the MEEIF we would be happy to do that for you too.
The Y-man said:
You are 1/2 right... Mac Newton Specialist Funds are not linked and there are a number of them.
From time to time the Donut "tops up" chosen funds by offering them to retail investors - that is what the Multi Strategy Cap Protected is - a number of Newton funds (but not all) wrapped together with Capital Protection and Finance options.
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