Macquarie launches new Gateway trust
Macquarie Funds Group (MFG) has launched a new tranche of the Macquarie Gateway trust, the first of six tranches to have been launched under the jurisdiction of the newly formed structured products group.
MFG was formed in June this year when Funds Management Group (FMG), Equity Markets Group (EMG) and Macquarie Capital Products (MCP) combined their funds and funds-based structured product businesses.
A feature of the new closed-end trust, which will be open between October 15 and 24 this year, is a minimum $20,000 investment limit.
The previous five tranches of the trust product, which was launched two years ago, all had a minimum investment limit of $100,000, according to head of structured products sales Irene Deutsch,
Another benefit of this tranche is that it is available for investors through their super fund either through cash or gearing, she said.
“Advisers on our recent road show told us they have quite a few clients, particularly in SMSFs [self-managed super funds], who are looking to get out of cash now and into some international exposure.”
The trust will give investors exposure to five investment themes that have emerged on the back of rising Asian middle-class consumption, she said.
Investors can choose between one or all five investment themes — agriculture, infrastructure, Asia Hindsight, Asian Financials and Energy Services, each of which is subject to a minimum of $10,000 investment.
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