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Re: [sharechat] Series 7 OM-IP 220


From: "DR" <kat47@bigfoot.com>
Date: Sun, 5 May 2002 20:17:45 +1200


Be aware that these funds start at about 94c for each $1 invested (5% skimmed off for fees) plus you will lose another 3% because in the first three years they refund at about 97% of the current value. The guarantee only kicks in at the full term although the ratchet does allow for 50% lock in of gains on top.
However Man Group have an excellent reputation for the products. The future downside (yet to be proven) may be the increasingly crowded market in which they operate will make it more difficult to make the 20% theysuggest.
I have taken up some of an earlier issue but have planned on 12% tax free.
On the other hand it is frequently possible to get 12% in a day with the right share purchase.... also to lose that much.

 
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