 Oz ripe for investment Home-grown fund manager Liontamer believes the time is right for investors to begin putting money back into the Australian sharemarket. Liontamer specialises in capital-protected funds. Tomorrow it returns to the market with its first fund since last November. But the new fund – the Australia Series 1 – is different from the firm’s usual funds in that investors have the option of plumping for either capital protected or unprotected units. Investors who believe the only way is up for the Aussie market and plump for the unprotected units will get a return equal to 160% of the rise in the S&P/ASX 200 Index of Australia’s 200 largest listed companies. The capital protected units are for those who feel too nervous to invest, even after the huge falls sharemarkets have seen. They get a straight 100% of the rise in the index over the period, although in both cases an averaging mechanism means the final index level is calculated using an average of the last 12 months. The index opened at 3284.624 points on May 20. On May 20 last year, it opened at 5908.087 points. The fund has a six-year term, although it can be redeemed early if a $1.60 return on every dollar invested is achieved within the first three years. The minimum investment is $5,000.
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