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PIE fund with a difference

Marac has launched its Term Deposit PIE fund, with something a little different.

Wednesday, December 10th 2008, 4:34PM
This PIE fund provides investors with a fixed term, fixed rate investment that offers the option to have income either direct or credited, or compounded quarterly.

The company has also launched a second PIE product, the Marac Call PIE, which offers investors the tax advantages of a PIE, with the flexibility of on-call access to their funds.

“Our decision to launch the Marac Term Deposit PIE with the option to have income either direct credited or compounded quarterly is part of our aim to provide a choice of investment options and tailored solutions. PIEs are becoming an increasingly popular investment vehicle for astute investors and we expect the Marac PIE investments to be popular,” says Andrew Ford, Marac’s retail investment manager.

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