FAQs about Macquarie Fusion® Funds
How are the underlying Managed Funds selected?
The Underlying Managed Funds are selected on the basis of a number of factors including the experience of the Underlying Fund Manager, independent ratings of the Underlying Managed Fund, the historic performance of the Underlying Managed Funds and the suitability for employing Threshold Management over the Underlying Managed Fund. The Responsible Entity has sought to provide choice to investors across and within asset classes.
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How do I fund my investment?
You may invest in a Fusion Fund using your own funds (which may include borrowed funds) or by using an Investment Loan from Macquarie.
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Is there a minimum Investment Amount?
There is currently no minimum or maximum Investment Amount in any Fusion Fund. The minimum amount you may borrow under the Investment Loan facility is $50,000, with additional amounts in multiple of $5,000.
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What is Threshold Management?
Threshold Management is an investment technique which will be applied to your holding of units in a Fusion Fund. It seeks to ensure that the value of your units in a Fusion Fund, including any units acquired upon reinvestment of distributions at the expiry of the Threshold Management Period, is at least equal to your Investment Amount. At the same time, Threshold Management allows you to benefit from any returns generated by the relevant Underlying Managed Fund to the extent to which your Investment Amount is invested in an Equity Trust.
Broadly, to achieve this, an investment may be switched between equity and cash during the term. More specifically, it will be switched from the Equity Trust into the Cash Trust if the value of the investment falls below predetermined “sell triggers”. It will then be switched back into the Equity Trust if the value of the investment rises above corresponding “buy triggers”.
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When do I receive my tax statement?
You will receive an annual tax statement, usually around October, to assist you with the completion of your tax return. Please note that the information required for the tax statement is dependant on the Underlying Funds Manager(s), and it can take up to three months for this information to be provided to us by the relevant Underlying Fund Manager(s).
You and your adviser (if applicable) can view your investment and loan details online 24/7 via our secure client service website, GearUp.
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Can I switch between Fusion funds during an offer?
No, it is not possible to switch between Fusion Funds during an offer. You can apply to redeem your investment in a Fusion Funds during an offer, but you cannot switch between Fusion Funds.
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Does Fusion Funds offer taxation certainty?
For offers of Fusion Funds since December 2003, Macquarie has obtained an ATO Product Ruling which confirms the deductibility of interest for eligible investors. For more information about taxation and Product Rulings, please refer to the specific offer documentation for each Fusion Funds offer.
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