News Round Up: December 19
Investment ends on a highpoint
The Macquarie Highpoint Trust has provided New Zealand investors with increases of 60-70% on their initial investment over a seven year period.
"We are delighted to have been able to provide Macquarie Private Wealth's clients and other New Zealand investors with such an increase in their initial investment," said head of Private Wealth New Zealand, Ian Witters.
"During what has been a challenging time in markets across the world, the structure of the Highpoint Trust has proved to be beneficial for investors. It allowed them to lock in gains close to the top of the UK and US markets between 2003 and 2007, with the locked in gains helping to shield them from the low points we have seen during recent turbulent years."
The Trust, which matured at the end of November, provided investors with growth from the UK FTSE 100 and the US S&P 500, while also offering capital protection at maturity.
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