What is it called and what sort of savings product is it?
Australian dollar denominated shares in AHL diversified programme.
Who is the company behind it?
Man Investments Australia. It is the company behind the 28 OM-IP funds, which have been highly popular with New Zealand
investors. The OM-IP funds are packaged-up investments, which include capital protection and exposure to funds in the AHL diversified programme.
Who is the target market?
These shares are for sophisticated investors wanting plenty of risk - and therefore potential - for returns.
What return does it offer?
The shares aim to generate medium-term capital growth.
When was it launched?
The offer opened on April 10 and closes on June 20.
What other products is it like or is it competing with?
There isn't really a direct competitor to these shares in the marketplace at this moment in time.
Is it long term, short term or medium term?
Medium to long-term share investment.
What is the unique selling point?
The key feature of this investment is that it gives investors direct access to the AHL diversified programme. Before it was a little like that bank advertisement - where if you wanted to buy something you also had to buy another service that you really didn't want. In this case it was the cost of the capital protection. Also investors get access to one of the world's largest managed futures programmes.
How strong a stomach do you need for it?
Very strong - even the investment statement describes the shares as being a "speculative" investment.
What's the hitch?
These shares are likely to have high volatility and hence there are occasions when they don't appear to be doing well.
The minimum investment in the programme is A$20,000 and the liquidity and pricing is limited. The fees are well disclosed and currently look pretty full.
www.sharechat.co.nz
