Join our investing community

Sounds similar similar to Navra Fund

Discussion in 'Managed Funds & Index Funds' started by Here_To_Learn, 11th Jun, 2007.

  1. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    In search of an income fund I have been made aware of this fund through a friend.

    Macquarie Incentives Funds - Macquarie Bank Limited

    From what I understand ...

    1. No performance fee unless fund beats index
    2. Qtrly dividend payments

    We rely heavily on Navra to fund some of the shortfall in IP/ lifestyle $$$'s. To date we have had a good run but something inside of me tells me we should diversify into at least one other fund that can provide regular income like Navra.

    Would be interested in others opinions here as I may have overlooked something.
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    How has that product performed over the past 3 years ?
     
  3. gazza

    gazza Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    214
    Location:
    Canberra
    As per my comments in other threads, my experience with 2 other Mac funds has not left me overly impressed. The one fund which is an income fund looks likely to only return 10% at best this year (plus the income is only paid annually). NI should outperform it by 7+% :)
     
  4. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    Good point Sim.

    Fund inception was Feb this year. Hence no track record.:(
     
  5. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    gazza, just finished up reading other thread. Thanks for sharing your experience and results. Sounds like you had a rough ride there but no doubt learnt from it ( yes I realise there are less painful ways to learn ... )

    Net, net ...seems like Navra is still the champion in the income fund game.