Join our investing community

New Macq Gateway Asia/India Fund

Discussion in 'Managed Funds & Index Funds' started by DaveA, 17th May, 2007.

  1. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    Link From Here

    i got an email from investsmart about this new macquarie fund... 100% loans and a capital propetection period of only 3 or 5 years...

    i think 5 years would be a pretty short time in india and asia, what do people thing of this stratagy??? as always the fees are a bit high, and there is no distributions until maturity...

    im not thinking about investing as i wouldnt have the income to meet the min 100k loan application but im interesting if people thing its just another macquarie product to generate fees...

    i do agree that macquarie has one of the most complex systems set up, nothing compared to a normal managed fund...
     
  2. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    I was in their Newton Fund and Asia fund, same type of setup, in there for 15 months and got a whopping 4%PA return when paying out 7.5% PA..

    waste of time, stick to conventional funds, unless you feel the negative gearing is worth it for you..

    those funds also have high fees etc associated with them... if you want Asia exposure get the Asia fund with someone like Platinum.
     
  3. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
  4. transit

    transit Well-Known Member

    Joined:
    1st Jan, 2006
    Posts:
    58
  5. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    yeh, all those funds are crap, not just the two I'm in, probably the only decent one was the buy write fund.

    did you get in due to a freeman fox recommendation?
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Rule #78c - don't invest in a fund that doesn't have a track record :rolleyes:
     
  7. transit

    transit Well-Known Member

    Joined:
    1st Jan, 2006
    Posts:
    58
    yep, that's a good point! Someone from work (not freeman fox) recommended the fund as a safe boring one but it was worse than that because it lost me money! If i'd known about this forum at the time, i doubt i'd have bought them then. Thankfully my other picks have done better.

     
  8. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    lets add to that, don't invest into funds where all of them have pathetic returns in a booming market!
     
  9. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    fair enough, cause freeman fox was flogging those funds as a once in a lifetime opportunity 1.5 years ago.. I got sucked in!