MSI launches Significant Investor Visa fund
Macquarie Specialist Investments (MSI) has launched a new Significant Investor Visa-focused product.
The group announced that it had launched the Macquarie Significant Investor Visa (SIV) Government Bond Fund which would be investing into bonds issued by Australian Commonwealth, State or Territory Governments.
It said that, importantly, the product would satisfy the $1.5 million Waratah Bond requirement for investors looking for New South Wales state sponsorship.
Head of Macquarie Specialist Investments Jason King said the new fund was an innovative offering to the market as it has made it possible for investors looking to migrate to Australia to manage all their SIV investments in one place.
"Previously, investors looking to live in NSW were required to apply separately to the Government for their $1.5 million Waratah Bond," he said.
"Now investors can deal solely with MSI to satisfy both their government bond requirement, and at the same time allocate the remaining $3.5 million of the minimum SIV requirement of $5 million across MSI's suite of compliant SIV funds."
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.
