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Navra Blue Chip American Fund PDS now available

Discussion in 'Managed Funds & Index Funds' started by Simon Hampel, 23rd Mar, 2006.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Just checked the NavraInvest website ... the PDS for the Navra Blue Chip American Fund is now available for download.

    For those people who haven't yet seen details of the fund - there are two main differences (that I can think of) between this new fund and the existing Australian funds.

    1. There is now only one fund rather than the two (retail and wholesale) that the Australian fund has. The minimum investments for the America fund are similar to a retail fund - so it's easy to get into the American fund, but the performance fee is the same as the wholesale fund ... so it's kind of the best of both worlds.

    2. Quarterly fees - the American fund is calculating the performance fee quarterly instead of annually.

    There may be some other slight differences in the way fees are handled too - such as advisor fees coming out of your investment returns, rather than from NavraInvest.
     
  2. Nigel Ward

    Nigel Ward Team InvestEd

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    Just on that point, I see from the news that:


    Caterpillar shares jumped nearly 2 per cent to $US75.76 on the NYSE, contributing most to the Dow's advance. The stock gained on news that the big US heavy equipment maker is in preliminary talks about a closer relationship with Chinese engine maker Shanghai Diesel Engine Co. Ltd.


    From memory Caterpillar is in the portfolio! :D I hope the fund had some holdings!
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Just asked the question of my Leveraged Equities account manager about when LE will offer margin on NAV0003AU ... the answer was "it's currently under review, will have an answer in a couple of days".
     
  4. Simon

    Simon Well-Known Member

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    I just got exactly the same response and clicked here to post it......
     
  5. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Hopefully with all these people asking about it, the process will be fast-tracked.

    Can I suggest that anyone else interested in leveraging into NAV0003AU ... call or email your margin lender account manager and ask about when they will be offering margin :D
     
  6. Nigel Ward

    Nigel Ward Team InvestEd

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    I've lobbied BT! ;)

    ps. I know this issue has been discussed before, but what are people paying for their margin loans in the:

    250-500K bracket? and
    500-750k bracket?

    Thanks
    N.
     
  7. gazza

    gazza Well-Known Member

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    I'm paying 7.8% with Colonial in the 500-750K bracket
     
  8. Simon

    Simon Well-Known Member

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    I am paying 7.8% with LE on a balance of about $180K. They said they will further review it if my borrowings increase significantly.

    They have a good range of securities acceptable and their service has been first rate in my experience.

    Cheers,
     
  9. Glebe

    Glebe Well-Known Member

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    7.85% variable for $150k loan with LE, just the other day.

    In June I intend on wrapping this up with my current $355k to pay interest on $505k, I'm told that I'll be looking at about 7.4-7.5%.
     
  10. Muz

    Muz Member

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    Pds

    Hi Sim (and other investedites),

    Shall have to order a copy of the PDS via snail mail as my old computer will take forever to download. :p :rolleyes: :D

    Did you notice a start date by any chance?? :confused:
     
  11. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Fund is already trading and open for investors.
     
  12. Simon

    Simon Well-Known Member

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    Results to date? :D
     
  13. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Just trying to remember what Steve said at the presentation last week ... not sure if he gave actual numbers, but he said it was looking pretty good for the short time it's been trading. Too early to get any real indication though.
     
  14. Rick

    Rick Well-Known Member

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    I'm paying a higher rate than anyone has mentioned here so far :( (with LE)

    I'll have to look into it.
     
  15. Jenny

    Jenny Well-Known Member

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    Me too Rick :mad: I'm paying 7.85% loan amount $500,000
     
  16. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    When I spoke to Teresa last Monday when she was in Brisbane, she said about 1% from memory (don't know if that was overall or out performance though).

    Mark
     
  17. Simon

    Simon Well-Known Member

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    Do what I did. Email your advisor at LE and tell them that your peers are suggesting you can get a better rate across at BT. Ask them to reconsider their rate to save you the trouble of moving.

    They cut mine instantly from 8.15% to 7.8% and my loan is smaller than yours.

    Cheers,

    Simon
     
  18. perky

    perky Well-Known Member

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    Nice 36 page report to read/look over :D

    I believe what Steve said in the shareholders meeting , the US fund (in its short time) is doing 1.7 times what the actual market is doing , in the 28 stocks they are trading in.
     
  19. Rick

    Rick Well-Known Member

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    Thanks Simon

    I'll be chasing it up tomorrow.
     
  20. D&K

    D&K Well-Known Member

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    Simon, are you talking a straight up repayment or are you getting this rate by paying in advance? If in advance: 3, 6, 12 months?
    I'm on 8.1% but that's not paid in advance.

    Dave