Join our investing community

Macquaries Fusion Capital Protected Investment

Discussion in 'Managed Funds & Index Funds' started by evisional, 16th Oct, 2007.

  1. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
    Macquaries Fusion is open from 1 Oct. Refer to:

    Macquarie Fusion® Funds - Macquarie Bank Limited

    Does anyone has experience in this investment? What are Ins and Outs of this investment? I am new and keen to learn more before making investment decision.

    TQ.
     
  2. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    I had a bad experiance with Macquarie products.. Namely Equinox Asia and Multi stratergie funds... poor performance.. 3 months to get dividends and withdrawels.. they charge you interest on your loan until they pay you the withdrawel proceeds.. so you pay interest for 3 months while you wait and not get the gain on the units..

    If you complain, they basically tell you 'tuff these are our terms'

    There are a few other people here with the same experiance..

    And they slug you with hugh exit fees!
     
  3. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Evisional,

    Very similar to Perpetual Protected Investments series 2 [PPI2] (12 funds vs Fusions 22 funds) but those 12 are identical (well at least 11 of 12).Perpetual Protected Investments - Series 2 and Macquarie Fusion® Funds - Macquarie Bank Limited
    The additional funds aren't that exciting.

    There is a thread about "guaranteed investments" somewhere on this forum.

    Fusion is quite expensive:

    Interest cost (Indicative): Fusion PPI2
    Variable 9.95% 8.90%
    Fixed (short term) 10.50% 9.25%
    Fixed for the whole term 10.60% 9.20%

    Admin fees are 1.025% 0.75%

    Protection fee 1.33% 0.65%

    Also I think the timing of Fusion is really bad... Haven't the Equity Market Group in MBL heard of Black Friday? Fusions open date of 1st October is NOT the time to be gearing into Equities, Perpetual opens on 29th October.

    Like CRC said, I wouldn't want to be gearing in the traditionally worst month... Paying interest on the borrowed capital dropping...

    This is general information from the respective providers.

    Speak to your FPA registered financial planner, accountant or tax adviser before making an investment decision.

    Cheers,

    Dan
     
  4. evisional

    evisional Well-Known Member

    Joined:
    23rd Aug, 2007
    Posts:
    51
    Location:
    Melbourne
    I was not aware of Perpetual Series 2 coming out. I checked Perpetual Series 1 in July and found that it is cheaper than Fusion.

    Thanks for your information.