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Margin Loans buying other funds?

Discussion in 'Finance & Banking' started by rambada, 24th Jan, 2008.

  1. rambada

    rambada Well-Known Member

    Joined:
    5th Sep, 2005
    Posts:
    58
    This is a basic query.

    Have Navra fund investment margin geared through ANZ. If I want to buy other funds & margin them do I have to go through Navra or can I contact ANZ and advise them I want to buy xyz funds at x% margin? If not, how do I buy other funds without using Navra?

    Its the control freak coming out in me!
     
  2. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    I assumed you'd have to purchase the units using your own capital first. Then tell ANZ you wish to drawdown on your ML.