Expand your Wealth.
Today, Westpac launches another in its series of capital return investments. Expand IV is the fourth in a series of
similar investment opportunities that provide investors with the opportunity to have returns linked to international
sharemarkets, while ensuring that a customer will at least get their initial deposit (capital) returned at maturity. In
addition, this version offers a minimum 10% bonus return if the investment is held to maturity.
“Our customers have been asking us for more investment choices so we have looked for a better way" says Ben Elliott,
Head of Wealth distribution
Expand IV offers an alternative way for customers to gain exposure to growth assets to diversify their portfolio but
also minimises risk.
Expand IV is a six-year investment opportunity with Westpac, however the returns are linked to the performance of a
basket global sharemarkets indexes (US, Europe, UK and Japan) on an equal weighted basis.
“At maturity, investors receive back their original investment plus 100% of any increase in the value of the basket of
international sharemarket indexes to which the return on the product is linked.
“In addition, Expand IV offers a pre tax Bonus Return of 10% of the original amount they invested. The product offers
investors an alternative risk and return equation whereby while the total return may not be as high as investing in
international shares directly, investors have the comfort of knowing that they will at least get their original
investment back plus a pre tax bonus return of 10% of the amount they invested.
“This provides some comfort to investors that should the basket of sharemarket indexes to which the return on the
product is linked not rise over the investment period that they will receive some return. Plus, because the investment
and returns are denominated in New Zealand dollars there is no exposure to currency changes whilst still investing in
off-shore markets,” says Ben.
“At Westpac we are keen for all our customers to succeed financially. Being successful with finances isn’t just about
earning money – it’s about what you do with it.”
Applications for Expand IV commence on 4 October 2004 and interest is paid on all applications up to 5 November 2004.
The closing date for Expand IV is 12 November 2004. The minimum investment NZ$10,000.
ENDS