lm investment management ltd abn 68 077 208 461
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LM Investment Management Ltd ABN 68 077 208 461. Australia’s Specialist Mortgage Trust Manager. HONG KONG. GOLD COAST. SYDNEY. LM Investment Management Ltd. LM Mortgage Income Fund LM Currency Protected Australian Income Fund. The LM Mortgage Income Fund. - PowerPoint PPT PresentationTRANSCRIPT
LM Investment Management Ltd – Responsible Entity & Australian Financial Services Licensee No. 220281
LM Investment Management LtdLM Investment Management LtdABN 68 077 208 461ABN 68 077 208 461
Australia’s Specialist Mortgage Trust Manager
GOLD COASTGOLD COAST SYDNEYSYDNEY HONG KONGHONG KONG
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
LM Mortgage Income Fund
LM Currency Protected Australian Income Fund
LM Investment Management LtdLM Investment Management Ltd
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Returns Since Inception of LM Mortgage Income Fund 12 Mth Term compared against the Morningstar Australian Mortgage Trust Index
1.00%
3.00%
5.00%
7.00%
9.00%
Oct-99
Apr-00
Oct-00
Apr-01
Oct-01
Apr-02
Oct-02
Apr-03
Oct-03
Apr-04
Oct-04
Apr-05
Oct-05
The LM Mortgage Income FundThe LM Mortgage Income Fund
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
The LM Mortgage Income FundThe LM Mortgage Income Fund
What is the LM Mortgage Income Fund?
A diversified “Pool” of commercial loans and cash, with security being held by way of First Registered Mortgages / Charge…
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
How does the fund work?How does the fund work?
INVESTORS
LMMortgageIncome
Fund
Security
100%
Property
income
income
C OMMERCI AL
LOANS
BORROWERS
interest
interest
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Wholesale Mortgage Income FundWholesale Mortgage Income Fund
For Nominee Accounts/Trustee
Investment Platforms
Global Portfolio Bond Wraps
High net worth Individual Account
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
WholesaleWholesale
Investment Option
Current Effective Rate
Effective RateNet of Withholding
Tax
*2,3,4 Year 7.75%p.a. 6.99%p.a
12 Month 7.50%p.a. 6.75%p.a
AT CALL 6.75%p.a. 6.07%p.a.
CPAIF - -
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
The LM Mortgage Income FundThe LM Mortgage Income Fund
Conservative Investment Strategy
Cash/At Call and registered first mortgage securities
Diversity – Geographic, Loan Type, Size The average LVR of the mortgage securities is 62.16% (as Nov 2005)
Exposure over total assets of the Fund
58.6%9%
91%
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Sector Diversification Sector Diversification
As at 30 Nov 05
Sector Guidelines Actual (%) Min (%) Max (%)
Commercial 23 20 50
Residential 39 35 65
Industrial 4 0 25
Retail 0 0 15
Pre-Development Land 34 0 40
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Geographic Diversification Geographic Diversification
As at 30Nov 05
Sector Guidelines Actual (%) Min (%) Max (%)
NSW 42 35 55
VIC 19 15 35
QLD 27 10 30
SA 3 0 7.5
ACT 6 0 17.5
WA & NT 3 0 7.5
TAS 0 0 7.5
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Income Reliability
Forecast returns *UF
Maintained via term nature of underlying assets
Interest assurance by The LM Special Participation Fund
The LM Mortgage Income FundThe LM Mortgage Income Fund
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
LM FundsLM Funds
Regulatory Environment
Regulated under the Managed Investments Act (1998) and the Financial Services Reform Act (2001)
Compliance Plan / Constitution registered with ASIC
Strict Guidelines for Fund Operation and license requirements
Subject to bi-annual independent audit
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Returns Since Inception of LM Mortgage Income Fund 12 Mth Term compared against the Morningstar Australian Mortgage Trust Index
1.00%
3.00%
5.00%
7.00%
9.00%
Oct-99
Apr-00
Oct-00
Apr-01
Oct-01
Apr-02
Oct-02
Apr-03
Oct-03
Apr-04
Oct-04
Apr-05
Oct-05
The LM Mortgage Income FundThe LM Mortgage Income Fund
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Hansard International Limited
Clerical Medical
Scottish Life International
Scottish Provident International Ltd
Zurich International Life Limited
Friends Provident
International
Generali Life International Royal Skandia
AXA International
The LM Mortgage Income Fund The LM Mortgage Income Fund Can be selected on 9 Global Portfolio BondsCan be selected on 9 Global Portfolio Bonds
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
The LM Mortgage Income Fund - Can be selected on 46 Master Trusts / Wrap ServicesThe LM Mortgage Income Fund - Can be selected on 46 Master Trusts / Wrap ServicesANZ Private Portfolio
(at call only)Assetlink Investment Wrap Assetchoice Investment Wrap
AUSMAQ Wrap (at call only) AustChoice Master Trust (super) Avenue Super Wrap Service
Avanteos ASGARD Investment Funds Account Avenue Wrap Services
ASGARD Trustee Funds Account ASGARD Allocated Pension Account ASGARD Superannuation Account
ASGARD Employee Superannuation Account
ASGARD eWRAP Investment Account ASGARD eWRAP Super Account
ASGARD eWRAP Pension Account BT Super Wrap BT Wrap
Count Wrap Dominion Master Trust Easy Street Wrap
E*TRADE (at call only) FSP Prestige Plus Investar Portfolio Management Ltd
Investment Exchange IOOF Portfolio Services ING Portfolio One (at call only)
Investor Service Wrap Iselect Madison Wrap
Macquarie Non Super Wrap (at call only)
Macquarie Super Wrap Mentor
Navigator Personal Investment Plan
Navigator Personal Retirement Plan
Netwealth Superannuation Master Fund
Netwealth Wrap Account Private Client Service Investment Wrap (PCS)
Portfolio Focus
Sanford Securities (at call only)
Smartsave Strategy Retirement Fund Master Trust
Strategy Portfolio Service Symetry (at call only) WrapIT (at call only)
Wealthtrac
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Funds Under ManagementFunds Under Management
Financial Year ended
Growth
Targ
et
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Ta
rge
t
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
74
139
141
148
160
249
341
345
387
553
0 100 200 300 400 500 600
$m
LM Investment Management
State Super Financial Services
Skandia
Macquarie Bank Group
ING / ANZ Group
AMP
St George Group
National / MLC Group
Platinum Asset Management
AXA Group
Ma
na
ge
r
Top 10 Quarterly Retail Net Fund InflowsThree Months to March 31, 2005
Top 10 total: $2517m
Industry total: $1800 The Australian Financial ReviewThursday, 30th June 2005
$m
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Fund HistoryFund History
No capital loss
No variation of forecast rates
Outperformance of the Morningstar Australian Mortgage Trust Index
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Standard & Poors 2005 Australian Fund Awards Standard & Poors 2005 Australian Fund Awards
LM Investment Management LtdLM Investment Management LtdBoutique Fund Manager of the Year
Finalist Finalist
LM Mortgage Income FundLM Mortgage Income FundMortgage Fund of the Year
Finalist
“according to S & P, each sector and group finalist included top quality fund managers”
Independent Financial Adviser Magazine 281 Aug 29-Sept 04, 2005 p8
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
The LM Currency Protected The LM Currency Protected Australian Income FundAustralian Income Fund
LM Investment Management LtdLM Investment Management Ltd
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Forecast Effective Returns Forecast Effective Returns LM – CPAIF
12 Month Term
JPY ¥ 2.50%p.a (2.25%p.a)
USD $ 5.75%p.a (5.17%p.a)
Euro € 4.50%p.a (4.05%p.a)
GBP £ 6.75%p.a (6.07%p.a)
SGD $ 4.00%p.a (3.60%p.a)
NZD $ 8.75%p.a (7.87%p.a)
AUD$ 7.50%p.a (6.75%p.a)
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Real Deposit Alternative Real Deposit Alternative
New 3 & 6 month competitive rates
Alternative to bank deposit
Opportunity for you to manage clients deposit money
Today’s deposit money is often tomorrows investment capital
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Forecast Effective Returns Forecast Effective Returns LM – CPAIF
6 Month Term
JPY ¥ 2.40%p.a (2.16%p.a)
USD $ 5.60%p.a (5.04%p.a)
Euro € 4.35%p.a (3.91%p.a)
GBP £ 6.60%p.a (5.94%p.a)
SGD $ 3.90%p.a (3.51%p.a)
NZD $ 8.65%p.a (7.78%p.a)
AUD$ 6.00%p.a (5.40%p.a)
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Forecast Effective Returns Forecast Effective Returns LM – CPAIF
3 Month Term
JPY ¥ 2.25%p.a (2.02%p.a)
USD $ 5.40%p.a (4.86%p.a)
Euro € 4.20%p.a (3.78%p.a)
GBP £ 6.55%p.a (5.89%p.a)
SGD $ 3.80%p.a (3.42%p.a)
NZD $ 8.55%p.a (7.69%p.a)
AUD$ 5.00%p.a (4.50%p.a)
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
The Fund’s objective is achieved through:
Investment in the LM Mortgage Income Fund
Hedging the currency exposure
LM Investment Management LtdLM Investment Management Ltd
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Currency Protection Currency Protection
The fund will eliminate the currency risk for investors
through the use of “Forward Foreign Exchange Contracts” (FFEC)
Executed by
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
Investor
Subscription AccountDistribution Account
UBS
CPAIFMIF Units MIF Units
MIF
Cash
71
2aSPOT
2a 2bFFEC
3 5
MORTGAGES
2b
6
4
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
FUND SPECIFICSFUND SPECIFICSMinimum investment of A$ 50 000
Wholesale component to facilitate investment via bond platforms
Commission is calculated and paid on the A$ investment value
Investment details are reported in the relevant currency of the investor
Initial Term of 12 months
LM Investment Management LtdResponsible Entity and Australian Financial Services Licensee No. 220281
Australia’s Specialist Mortgage Trust Manager
LM Investment Management LtdLM Investment Management Ltd
6 Years of Investment Performance….
Now Currency Protected….