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Leveraged Equities and Navra American fund

Discussion in 'Managed Funds & Index Funds' started by Simon Hampel, 29th Mar, 2006.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    The Leveraged Equities website is now listing the Navra Blue Chip American Share Fund in their stock list for margin lending. 65% margin, as indicated already in another thread.

    NAV0003AU Navra Blue Chip American Share Fund 65%
     
  2. Mark

    Mark Member

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    Hi All

    Sim is correct, Leverage Equities have listed the Navra Blue Chip American Fund in their stock list, however, as with all margin lenders; they have placed a limited on what percentage of loans they are prepared to hold against the FUM. Because they assess each fund separately and the American Fund value is relatively small, the limit has essentially been reach. So until the fund grows the LE door is now closed. Navra Invest is in the process of speaking with other margin lenders about the American Fund. I suggest clients dealing with a financial advisor speak directly with them and those not speak with Teresa at Navra Invest regarding this matter.

    In response to some of the interest rate postings of recent, NFS has negotiated a rates schedule (dependent of amount loaned) with margin lenders for the benefits of its clients. All clients are offered the same rates which we understand to be highly competitive. While margin loans are often seen as simple and have less “features” than a home loan, they do differ and, service levels vary considerably from lender to lender. I would caution against blanket comparisons and encourage clients to talk to their advisor (if you have one).

    Cheers
    Mark
     
  3. Simon

    Simon Well-Known Member

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    Can you publish that rates schedule here?
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Bummer ... looks like a bit more patience required.

    Thanks for the update Mark.
     
  5. Matt

    Matt New Member

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    19th Oct, 2005
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    LE allowing margin loans for Navra US Fund

    Leveraged Equities has been processing margin loans since Wednesday - allocation is for several $M. Talk to Peter Banicevic.