Lonsec gives thumbs up to Multiplex trust
Research houseLonsechas put out a recommendation on the Multiplex Development Trust II after reviewing the property fund.
Lonsec recommends the fund because it says it is a well designed equity product, and because returns are said to be favourable to investors and that they are expected to be higher than the benchmark.
The fund will raise a minimum of $25 million and aims for an ambitious 20 per cent per annum in equity returns before tax, or 25 per cent before tax. It will also have minimum distributions of 7.7 per cent per year until December 2003, while anything above this figure will depend on timings of property sales.
Multiplex Constructions has more than $225 million in assets, says Lonsec and a construction order book of more than $4 billion.
The minimum investment in the fund is $50,000, and minimum investment term until the end of 2004.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
