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When cash is king ...

 

If you consider "cash is king", then term deposits rule at the moment. Banks are still under pressure to secure more stable sources of funding, which has given rise to "special" term deposit rates that continue to be more attractive than those offered by bank bills, the underlying investments of traditional cash funds. If you're an investor seeking to put money into cash, we invite you to consider the Mercer Cash Fund - Term Deposit Units. Please note that this fund is designed for institutional "wholesale" investors and a minimum investment of $100,000 applies.

 

 

Lonsec rates Mercer funds as ‘Highly Recommended’

The Mercer Multi-Manager Funds have again been rated ‘Highly Recommended’ by independent research house Lonsec. “This is the fifth consecutive 'Highly Recommended' rating for Mercer, reaffirming Lonsec’s conviction in the quality and experience of our portfolio construction process and team.  It’s a testament to the quality of our underlying investment structures and our strong competitive advantages in people, process and product design. It also recognises the value of the greater diversification we’ve built into our investment solutions over the past 12-18 months,” said Stephen Roberts, Mercer’s Investment Management business leader for Asia Pacific.  Read more in our press release.

 

 

Financial Markets - April 2012

It was a weak month for global share markets as concerns surrounding the fiscal stability of the Eurozone re-emerged. The implications of weak economic data out of the US added to investors' concerns and safe haven investments such as Australian sovereign bonds were preferred.  The Australian share market, defied the global trend for equities, rising over the month as investors sought more defensive and higher-yielding stocks.

 

See Performance for an update on the financial markets for April 2012 and/or to download the latest Monthly Reports.

 

 


Change to MSIT Trustee

From time to time it is necessary to update information contained in the product disclosure statements we issue. In this regard, we advise that effective 1 April 2012, the Trustee of the Mercer Super Investment Trust (MSIT) has changed. Mercer Investments (Australia) Limited ABN 66 008 612 397, Australian Financial Services Licence number 244385 has been appointed Trustee of the MSIT.

 

The Mercer Super Investment Trust Product Disclosure Statement (PDS) dated 1 October 2010 is updated through this notice.

 

All references in the PDS, and in the Application Forms attached to or given with the PDS, to ‘Mercer Investment Nominees Limited ABN 79 004 717 533, Australian Financial Services Licence number 235906’ should be read as ‘Mercer Investments (Australia) Limited ABN 66 008 612 397, Australian Financial Services Licence number 244385’, and

 

All references in the PDS, and in the Application Forms attached to or given with the PDS, to ‘MINL’ should be read as ‘MIAL’.

 

Change to MSIT service provider

 

MIAL will also assume the following responsibilities in relation to the running of the MSIT:

  • designing fund objectives,
  • recommending the mix of investments and investment managers to manage the underlying assets in the MSIT,
  • implementing investment decisions [words deleted], and
  • the ongoing review and monitoring of the other service providers.

 

Previously Mercer (Australia) Pty Ltd ABN 32 005 315 917 had been appointed to provide the above services to the Trustee.