Liontamer Investments has closed its latest global equities fund, after a two-week extension.
‘Global Series 7’, a capital-protected investment fund, had a minimum investment of $5000, and Liontamer investment director Sean Butler said the fund had hit targets, despite turbulence in the global economy.
Liontamer typically raises between $5-20 million for its funds.
The two-week extension had been beneficial for investors seeking greater global market stability following the European debt crisis, said Mr Butler..
“The two-week extension has given share markets the opportunity to settle after world headlines hit regarding the European debt crisis.
“Our view is the time is right to invest in global shares. We have seen the benefit of taking advantage of dips in the market with our previous international fund, Global Series 6.”
Mr Butler said with confidence expected to improve; Liontamer had plans to launch another fund within months, in a different asset class.
The latest fund will mature in 2014, at which time Mr Butler expected global equities to perform better than cash and other asset classes.
He said the Global Series 7 would see about half the money invested in the US and the balance in the UK, Europe, Hong Kong and Japan
He said 80% of the investors in the fund, cautious about the investment environment, had opted to take capital protection on maturity, providing benefit from all the upside in the fund with assurance their capital would be returned if the market fails.
The other 20% had opted to remove the capital protection option in favour of potential higher gains.
Liontamer launched in 2003 and specialises in capital protected investments or structured retail products.
Georgina Bond
Fri, 04 Jun 2010
