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The Funds aim to provide exposure to select emerging markets with a particular focus on Brazil, Russia, India and China.
The Hedged Fund holds units in the Unhedged Fund and substantially hedges the US dollar value of those units back to Australian dollars. The Unhedged Fund invests predominantly in a portfolio of listed equity securities providing exposure to emerging markets with a particular focus on BRIC equities. The Investment Manager will actively manage that portfolio and may also invest the Unhedged Fund in cash from time to time.
The objective of the Unhedged Fund is to outperform the MSCI Emerging Markets Index in US dollar terms (Index) after fees over the long term. The Index is a free float-adjusted market capitalisation index that is designed to measure listed equity market performance in the global emerging markets.
Macquarie Investment Management Limited (ABN 66 002 867 003 AFS Licence Number 237492) (“Macquarie”) is the responsible entity of and issuer of units in the funds. This does not take account of investor’s financial objectives, financial situation and needs and investors should consider these matters and read the PDS in deciding whether to acquire, or continue to hold, an investment in the funds.
Macquarie is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth), and Macquarie’s obligations do not represent deposits or other liabilities of Macquarie Bank Limited (ABN 46 008 583 542). Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie.
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