Managed Funds Macquarie reFleXion® Trusts - December 2007

Macquarie reFleXion® Trusts - December 2007 has been open . See at Macquarie reFleXion Trusts - Macquarie Bank Limited .

The performance for 2005/2006 is great.
Macquarie reFleXion Trusts 2006 - Macquarie Bank Limited
Macquarie reFleXion Trusts 2005 - Macquarie Bank Limited

Does anyone can point out any backdraws???

 

The fund can be redeem after dec 2008. According to thier policy (see
https://personal.macquarie.com.au/retail/acrobat/reflexion_redemption.pdf?cachehdr=0), investor have to replay loan and any break costs.

Can someone tell me how the break costs is calculated? Has anyone redeemed before?

 

I was reading this page this morning. One other thing I picked up was there were only 2 points in the year that you could exit. Capital protection only occurred at maturity, which could be worthless, or invaluable. If you needed it after 7 years you have just wasted 7 years of loan interested, so you're seriously out of pocket anyway(plus inflation, opportunity costs).

I didn't notice interest capitalization nor interest prepayment.

 

According to PDS:



The formular above is how loan repayment is calculated. It depends on the Spot Foreign Exchange Rate As at Unit Issue Date and the Spot Foreign Exchange Rate as at Unit Issue Date and the Forward Foreign Exchange Rate As at Unit Issue Date for exchange at Maturity 15 June 2015.

How I can know the Forward Foreign Exchange Rate As at Unit Issue Date for exchange at Maturity? Is it depends on the your forward foreign exchange contract? How can I estimate the Forward ForeignExchange Rate for exchange at Maturity before logding the application?

Do anyone know where I can get the Forward Foreign Exchange Rate as at Certain date (i.e. today) for exchange at Maturity 15 June 2015? any website ???
Regards

Thanks!

 

Email reply from Macquaries:

--------------------------

Unfortunately we will not know what the forward foreign exchange rate
will be until settlement date. This information will be provided to all
investors when the confirmation of investment and loan is sent mid
January 2008.

Please refer to page 72 of the PDS for an example of the Indicative
Investment Loan Repayment. The examples in the PDS are current at the
time of publishing.

Alternatively forward foreign currency exchange rates may be available
on Bloomberg or reuters.

If you have any further questions please contact our office on 1800 080
033.

Many thanks

Candice Perkins