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Brokerage on new capital protected fund

Capital protected specialist Liontamer is making its intention clear that it wants to develop a market for its products in New Zealand.

Friday, September 5th 2003, 12:03AM

by Philip Macalister

The company has closed its first fund and has already rolled out two new ones and it has others in the pipeline. Liontamer won’t disclose how much it raised in its first issue, other than to say it was “well over” the $5 million minimum.

Head of Investment Solutions Janine Starks says for a new company, with a new sort of product that was a good start.

This time around Liontamer are offering two different products.

The first, EASYgrow 85, is very similar to the original one in that its returns are linked to the MSCI and it has a term of eight years.

The big differences are that its participation rate on the upside of the MSCI is 85% as opposed to 100% but it now pays advisers a 2% brokerage fee.

“The combination of unlimited upside potential with full protection should prove a useful addition to many investors’ portfolios,” Starks says.

The more innovative product is SUPERgrow 150.

“It’s the first time an investment like this has been launched in New Zealand,” Starks says. “With so many investment funds being accused of index hugging as well as incurring losses for investors… SUPERgrow 150 fund has been designed to provide investors with more than the rise in the sharemarket, as well as a significant level of protection from market falls.”

Like the other fund it has an eight year term and it is linked to the MSCI. The difference is that this fund is 100% protected, unless the market falls by more than 40%. If that happens the protection goes.

But instead of getting 85% of the upside, like in the other fund, investors get 150%, which means there is the chance they can double their money.

“(This) could be an ideal recovery tool, as well as a candidate for new investments,” Starks says.

She says if an investor is really bullish about the markets then the EASYgrow fund is the most suitable, however if they think that market growth will be low to medium then the SUPERgrow fund is more appropriate.

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