Top performing Australian mortgage fund now available to NZ investors
Money Managers Ltd has trumped other investment advisory firms by negotiating exclusive New Zealand access to
Australia's best performing mortage fund.
Money Managers Marketing Director Alasdair Scott today announced the firm had sealed a deal with LM Investment
Management Ltd, giving its clients exclusive access to the LM Mortgage Income Fund.
The fund requires a minimum investment of A$10,000 with fixed terms from three to 24 months. Investors can automatically
compound their monthly distributions or pay these into a bank account.
Money Managers will also make LM's Cash Performance Fund available to clients.
LM's Mortgage Income Fund has been Australia's best performing income fund over the past four years, according to the
latest data from fund researcher Morningstar. The fund outperformed the Morningstar mortgage sector index with a 7.77%
return over the 12 months to November 2003.
LM's average loan to valuation ratio was 54.7 per cent for the 12 months to 30 September 2003. There has not been a
capital loss during the history of the fund.
The fund invests in first mortgages which meet LM's strict lending criteria.
The fund is spread over commercial, residential, industrial, retail and vacant land, and is spread in line with the
population across Australia's states.
While some funds have been unable to lend out increasing inflows and have been forced to hold as much as half their
assets in cash, LM's cash assets have been held steady at 8 per cent for the last two years.
Mr Scott said Money Managers had researched the Australian investment scene in order to provide clients with greater
diversification and protection.
"A Lonsec report on LM says the Mortgage Income Fund should continue to provide investors with a stable income stream
with a low risk of capital loss," he said.
About Money Managers:
Money Managers Ltd is New Zealand's largest investment advisory firm with 50 offices and almost $2 billion under advice.
Founded in 1985 by Doug Somers-Edgar, the company has led the industry with innovations such as master funds. FiRST
Masterfund is now a $500 million fund administering five diversified portfolios and two high-yielding cash funds. Other
products include:
- FiRST STEP - established in August 2000 to enable clients to spread investments across four separate trusts in
proportions to suit their risk profile. The four trusts has loans totalling more than $500 million.
- Dominion Funds - set up in 1996 to identify, acquire and syndicate investment properties exclusively for Money
Managers, Dominion is New Zealand's largest property syndicator with a $400 million portfolio. Information about Money
Managers is available online at www.moneymanagers.co.nz
About LM Investments:
LM Investments operates globally, with offices in Sydney, Hong Kong, and Bangkok. The company's headquarters are on the
Gold Coast.
LM Investments is on target to achieve a A$500 million management portfolio after record cash inflows in the last
quarter of 2003. Total funds under management reached A$380 million in December.
Information about LM Investments is available online at www.lmaustralia.com