Macquarie product aims at weaker market
The Macquarie Equity Markets Group has launched a new offering of its MQ Gateway product into the market that it claims is aimed at allowing investors to “buy low” into weaker equity markets and tax efficient funding in the lead up to the end of the financial year.
The new product is part of the MQ Gateway series launched in April last year, and the associate director of the Macquarie Equity Markets Group, Pia Cooke, said recent market falls and ongoing volatility meant investors had the opportunity to buy into global investment opportunities at substantially lower prices.
“Investors are certainly cautious about the market outlook over the coming months and are attracted to products that have ‘built in’ protection mechanisms and a medium to long-term outlook that allows them to potentially take advantage of the recent market fall,” Cooke said.
She said Macquarie had noted a strong surge in funds into MQ Gateway in the lead up to June last year and expected strong demand for the series from sophisticated investors.
Under the new offer, Macquarie will lend approved investors up to 100 per cent of the investment amount and approved self-managed superannuation fund investors up to 70 per cent.
AUTHOR
Mike Taylor
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