The concept of managed investment schemes was outlined in July 1998, by the Managed Investments Act (Cth)(Act), and has been defined as a scheme in which people contribute money to acquire interest to benefits produced by the scheme.
The contributions are used to further the scheme, and the members do not have control over the day to day operations.
The Managed Investments Act (Cth)(Act) replaces the old “prescribed interests” regime, and its most significant change is the replacement of the roles of trustee and manager with the single Responsible Entity role. The Act also introduced new measures to ensure adequate investor protection.
A managed investment scheme must be registered with the Australian Securities and Investments Commission (ASIC) if;
1. The scheme has 20 or more members; or
2. The scheme is promoted by a person who is in the business of promoting managed investment schemes.
Where a scheme is required to be registered, the following must be addressed;
•Appointment of a responsible entity
-Responsible Entity must be an Australian public company holding a licence to act as a Responsible entity
-This is a dual role, of both trustee and scheme manager
-Must have minimum net tangible assets of $ 50,000 or 0.5% of the value of the scheme’s assets, up to $ 5 million
•Custodians must be appointed in some cases
•A Constitution, similar to a trust deed, must be made
•A Compliance plan must be made, setting out the measures which a Responsible Entity is to apply in operating the scheme to ensure compliance with the constitution.
•Compliance committee is to be created if the board of directors of the RE does not consist of at least half external directors
Etegameno Investments offers three lucrative investment opportunities in Namibia that are expected to yield high returns. Harnessing Namibia’s rich natural resources, Etegameno presents an investment model that turns these abundant resources into wealth, mutually benefiting investors and the natives.
Ranked as number two by The World Travel and Tourism Council, Namibia has the distinction for experiencing the maximum long-term growth in the tourism economy after China. This will positively influence the Namibian Gross Domestic Product in the coming years. The Namibian people will also enjoy increased employment opportunities through growth in tourism.
The three investment opportunities available on Farm Tsumore are:
• The Farm Tsumore Game Lodge
• A Bush to Electricity Enterprise
• The Jatropha Plantation / Biodiesel Refinery
Farm Tsumore is spread over 4 433 hectares of flatland and hills around the beautiful Lake Otjikoto. Conveniently located just seven kilometers from Tsumeb and 118 kilometers north-east of the Etosha pan, Farm Tsumore has plenty of water and receives its power from NamPower.
The location of the proposed Tsumore Game Lodge is gifted with picturesque natural beauty, abundant game and wild life and rich biodiversity making it a much sought after ecotourism destination for nature lovers.
Attractions include the Etosha National Park, historic local mining towns, safaris, scuba-diving tours, the world’s largest meteorite, Hoba, camping, hiking, and much more. A luxurious African safari lifestyle in a serene yet exciting setting awaits investors!
Fisher Investments Press has released the latest in the Fisher Investments On series, Fisher Investments on Technology. Fisher Investments on Technology is a fairly comprehensive guide for investing in the Technology sector, providing historical background and perspective, major discoveries in the sector, overview of the global technology landscape and major economic and political drivers that could have effects on stock pricing and valuation.
Fisher Investments on Technology is broken up into three parts. In part I, readers receive an introduction to the Technology sector, with a ‘just the facts’ approach to understanding the basics of this sector. Investors get a brief overview of the history of Technology, and milestones/major developments, and sector-level drivers that could have influence over stock pricing and performance.
In the “Next Steps: Technology Details” section, readers explore the Technology sector in depth – including the global universe of Technology stocks. Here, Fisher Investments on Technology highlights the three industry groups, eight industries and sixteen sub-industries that comprise the full sector, and explains the global economy’s potential impact on each.
Fisher Investments on Technology wraps up this sector guide with the section “Thinking Like a Portfolio Manager,” which helps readers make sense of the sector in economic terms. This section was written to allow investors to leverage a top-down investment approach and individual stock analysis when creating a portfolio that includes stocks from the Technology sector. Below is a modified excerpt from Fisher Investments on Technology:
Etegameno Investment’s bush to electricity enterprise is a promising and highly lucrative investment opportunity for those that share the same vision as Etegameno Investments. The bush to electricity enterprise will utilise the invaded land on Farm Tsumore, owned by Etegameno Investments. Farm Tsumore is 4 433 hectare in size and is situated about 7 kilometers from Tsumeb in Northern Namibia. Through the bush to electricity enterprise Etegameno Investments aim to harness the invader bush across the farm to generate much-needed electricity, with the following benefits for all:
• Generate high return on investment for investors
• Meet the demand for electricity in Namibia in a significant way
• Increase the productivity from the land for the natives
Currently, the Namibian government spends around N$ 17.5 million each year in subsidies to tackle the wild bush which is abundant and until now, prevented the land from being used productively for crop or livestock. It is beyond the native farmer’s means to undertake the project of clearing the encroaching bush.
In Namibia the demand for electricity far exceeds supply making it necessary for the country’s government to find alternative solutions. While efforts are being made to use the invader bush for charcoal, Etegameno Investments plans to leverage technology to use the invader bush to generate electricity and consequently alleviate Namibia’s electricity shortage issue. The electricity generated from the bush to electricity venture will be fed to the national grid, operated by NamPower, to make up the current shortage and subsequently position Etegameno Investments as an alternative electricity supplier.
With Q1 Corporate earnings in the limelight this week, there has been some interesting commentary from my company, Fisher investments. On 4/20/11, they published an article on the e-zine Fisher Investments MarketMinder called “Our Eye on Earnings”. This is market perspective with a Fisher Investments eye, taking a look at earnings season.
While it’s easy to look at companies like Apple, whose earnings reports this last quarter were truly remarkable, Fisher Investments is cautiously optimistic that this earnings season will show the US is still well positioned for continued economic growth. I, for one, hope they’re correct. In the meantime, I will be paying attention to what the companies report, and developing my own ideas as to what this means over the longer term. It should be an interesting week regardless of the outcome.
For those of you who follow the stock market, you may know that 110 companies are set to report on their Q1 earnings for 2011 this week. Fisher Investments provides some interesting food for thought throughout the article.
Here are some items I found interesting from the article:
1) Investors shouldn’t expect to see the same extraordinary earnings growth of the last several quarters. Consensus expectations are for 12% year-over-year profit growth in Q1 2011 and an 8% rise in revenue. Given profits were up 31% overall for 2010, should less vaunted profit growth be cause for disappointment? Not at all. First, note: After a very sharp rebound, by many measures, after-tax profits are at all-time highs.