Strukturierte Investments

MQ KINETIC

 

Overview

MQ KINETIC - Emerging Markets VIII Fund

  • Investment Horizon ending on 9 December 2014
  • Australian Dollar denominated.

A new way to access equity markets

The MQ KINETIC Emerging Markets VIII Fund provides a new and innovative way to gain exposure to the performance of the MSCI Emerging Markets Index, with participation of up to 170% to applicants who use the optional Investment Loan.

Attractive return profile regardless of market performance

The efficient fund structure allows investors to benefit from potential positive market developments whilst limiting their downside risk with an expected positive return at the end of the Investment Horizon of the Fund.

Investor Calculator

Use the online investor calculator to see why an investment in the MQ KINETIC Emerging Markets VIII Fund can be an attractive way to gain equity market index exposure.

Optional Investment Loan

Optional Investment Loan available to approved applicants to increase investment exposure.  

Issue Date 2 March 2012

 

Key terms

The following table contains a summary of the key terms of the MQ KINETIC Emerging Markets VIII Fund. Investors should read the MQ KINETIC Offering Memorandum and the Emerging Markets VIII Fund Term Sheet before deciding whether or not to complete the MQ KINETIC Application Form to apply for Shares in the Fund. You should seek advice from your financial adviser before deciding to apply for Shares in the Fund.

Emerging Markets VIII Fund

Fund name Emerging Markets VIII Fund within the KINETIC Segregated Portfolio of MQ KINETIC SPC
Reference investment MSCI Emerging Markets Index (Bloomberg Code 'MXEF')
Offering currency Australian Dollar
Investment horizon 2 March 2012 to 9 December 2014
Issue price AUD 1,000 per Share
Target Base Return The Target Base Return is between AUD 1,120 and AUD 1,170 per Share (after payment of all Fund fees and expenses but before tax at Investor level).
Additional participation The indicative level of participation in the performance of the Reference Investment will be 26% and the payoff range (bounded by a performance hurdle and a performance cap) will be 107% to 160% over the Investment Horizon.
Fund domicile Cayman Islands
Fund fees circa 0.75% pa
Subscription fees Up to 0.75% of Investor’s Initial Investment Amount
Minimum subscription AUD 100,000 (AUD equivalent of USD 100,000)
Redemptions / liquidity Semi-annual liquidity starting 30 June 2013 (with 15 Business Days’ notice); Break costs or gains may apply to any redemptions.
Tax Qualifies as non-Swiss closed-end non-distributing collective investment scheme. Net taxable income per Share in the Fund to be reported annually to the Swiss Federal Tax Administration.
ISIN / Valor KYG6318A1792 / CH14231291
Offer period for the Fund* 2 November 2011 to 24 February 2012
Issue date 2 March 2012

* The Offer Period and the Issue Date for the Fund may be changed in the discretion of the Manager. The Fund reserves the right to not issue Shares on the Issue Date and to close the Offer Period early.

Optional Investment Loan

Potential investor benefits

  • Secured only against Investor's Shares - no other recourse to the Investor
  • No ongoing interest payments as interest accrues and is payable at the earlier of Investment Loan maturity and redemption of Shares
  • Investors can select appropriate level of leverage to match risk profile (up to 85% of Initial Investment Amount in the Fund)
  • Annual reporting of the outstanding Investment Loan amount and the interest expense accrued.

Key terms

The following table contains a summary of the key terms of the AUD Optional Investment Loan to invest in the MQ KINETIC Emerging Markets VIII Fund. Investors should read the Loan and Security Agreement before deciding whether or not to apply for an Optional Investment Loan. You should seek advice from your financial adviser before deciding to apply for an Optional Investment Loan.

Optional Investment Loan

Investment Loan AUD limited recourse loan for investment in MQ KINETIC – Emerging Markets VIII Fund maturing on 9 December 2014
Security Secured only against Investor’s Shares – no other recourse to the Investor
Lender Euro Fin Co Pty Ltd – a Macquarie Group entity
Loan Currency Australian Dollars
Interest Rate 7.85% per annum
Interest payments No ongoing interest payments as interest expense accrues and is payable at the earlier of Investment Loan maturity and redemption of Shares.
Loan to Value Ratio Investors can select appropriate level of leverage (‘Loan to Value Ratio’ or ‘LVR’) to match their risk profile (up to 85% of Initial Investment Amount).
Minimum Loan Amount AUD 100,000
Early Repayment Upon redemption of Shares before the maturity date of an Investment Loan, outstanding principal and interest on the Investment Loan must be repaid. Break fees or gains may apply.
Repayment at Maturity At Investment Loan maturity date (being the end of the Investment Horizon), outstanding principal and interest on the Investment Loan must be repaid out of the redemption proceeds of the Investor's Shares which are expected to exceed the outstanding principal and interest on the Investment Loan (subject to the creditworthiness of the Fund’s counterparties).
Annual Reporting The outstanding Investment Loan amount and the interest expense accrued will be reported to all Investors with an Investment Loan on an annual basis.
Tax Treatment for Swiss tax residents Properly reported interest expense on the Investment Loan should be tax deductible for Swiss individual investors for income tax purposes if these interest expenses do not exceed a threshold equal to the qualifying annual gross income from movable and immovable assets (including notional rental income from owner occupied property) plus an amount of CHF50,000 minus interest expense from other debts.

There are risks associated with borrowing to invest. Use of an Investment Loan can increase an investor's exposure to their investment in the Fund but can also magnify losses. In order for investors with an Investment Loan to break even at the end of the Investment Horizon (excluding taxation considerations and the time value of money), the value of their Shares in the Fund will need to have increased by more than the interest due to be paid and other costs.

Previous offers

MQ KINETIC - Emerging Markets I Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,134
31 December 2011 AUD 1,117
30 November 2011 AUD 1,116
31 October 2011 AUD 1,119
30 September 2011 AUD 1,105
31 August 2011 AUD 1,116
31 July 2011 AUD 1,116
30 June 2011 AUD 1,113
31 May 2011 AUD 1,109
30 April 2011 AUD 1,104
31 March 2011 AUD 1,101
28 February 2011 AUD 1,085
31 January 2011 AUD 1,084
31 December 2010 AUD 1,083
30 November 2010 AUD 1,061
31 October 2010 AUD 1,060
30 September 2010 AUD 1,047
31 August 2010 AUD 1,059
31 July 2010 AUD 1,047
30 June 2010 AUD 1,046
31 May 2010 AUD 1,033
30 April 2010 AUD 1,027
31 March 2010 AUD 1,020
28 February 2010 AUD 1,017
31 January 2010 AUD 1,010
31 December 2009 AUD 1,000

MQ KINETIC - Emerging Markets II Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,106
31 December 2011 AUD 1,094
30 November 2011 AUD 1,094
31 October 2011 AUD 1,090
30 September 2011 AUD 1,081
31 August 2011 AUD 1,084
31 July 2011 AUD 1,076
30 June 2011 AUD 1,068
31 May 2011 AUD 1,064
30 April 2011 AUD 1,057
31 March 2011 AUD 1,054
28 February 2011 AUD 1,041
31 January 2011 AUD 1,039
31 December 2010 AUD 1,036
30 November 2010 AUD 1,026
31 October 2010 AUD 1,025
30 September 2010 AUD 1,009
31 August 2010 AUD 1,023
31 July 2010 AUD 1,017
30 June 2010 AUD 1,000

MQ KINETIC - Emerging Markets III Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,115
31 December 2011 AUD 1,099
30 November 2011 AUD 1,098
31 October 2011 AUD 1,091
30 September 2011 AUD 1,083
31 August 2011 AUD 1,084
31 July 2011 AUD 1,077
30 June 2011 AUD 1,067
31 May 2011 AUD 1,063
30 April 2011 AUD 1,056
31 March 2011 AUD 1,053
28 February 2011 AUD 1,039
31 January 2011 AUD 1,038
31 December 2010 AUD 1,033
30 November 2010 AUD 1,023
31 October 2010 AUD 1,021
30 September 2010 AUD 1,018
31 August 2010 AUD 1,024
31 July 2010 AUD 1,000

MQ KINETIC - Emerging Markets IV Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,089
31 December 2011 AUD 1,076
30 November 2011 AUD 1,075
31 October 2011 AUD 1,070
30 September 2011 AUD 1,063
31 August 2011 AUD 1,061
31 July 2011 AUD 1,054
30 June 2011 AUD 1,042
31 May 2011 AUD 1,040
30 April 2011 AUD 1,034
31 March 2011 AUD 1,030
28 February 2011 AUD 1,015
31 January 2011 AUD 1,014
31 December 2010 AUD 1,015
30 November 2010 AUD 1,000

MQ KINETIC - Emerging Markets V Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,085
31 December 2011 AUD 1,070
30 November 2011 AUD 1,068
31 October 2011 AUD 1,054
30 September 2011 AUD 1,055
31 August 2011 AUD 1,048
31 July 2011 AUD 1,039
30 June 2011 AUD 1,026
31 May 2011 AUD 1,025
30 April 2011 AUD 1,018
31 March 2011 AUD 1,014
28 February 2011 AUD 1,000

MQ KINETIC - Emerging Markets VI Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,066
31 December 2011 AUD 1,054
30 November 2011 AUD 1,050
31 October 2011 AUD 1,045
30 September 2011 AUD 1,038
31 August 2011 AUD 1,033
31 July 2011 AUD 1,024
30 June 2011 AUD 1,011
31 May 2011 AUD 1,011

MQ KINETIC - Emerging Markets VII Fund

Download Term sheet

Date Share Valuation
31 January 2012 AUD 1,030
31 December 2011 AUD 1,012
30 November 2011 AUD 1,008
31 October 2011 AUD 1,000

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