Australian Income Fund
Wind up of the Australian Income Fund (the Fund)
After careful consideration, National Mutual Funds Management Ltd (NMFM or AXA), as responsible entity for the Fund, has decided to wind up the Fund commencing 3 October 2011.
Since we changed the withdrawal arrangements for AXA’s mortgage funds in December 2008, we have made quarterly Withdrawal Offers available to investors in an effort to meet their liquidity needs.
Throughout this time, we have been working to find a solution that meets the ongoing liquidity requirements of investors and complements the nature of the funds’ underlying assets. However, taking into account the above issues as well as shifts in market demand and the most equitable methods to return capital, it has been decided it is in the best interests of investors to wind up these funds.
First capital repayment
We can now confirm the first capital repayment will be made on 13 December 2011.
View more information here.
| Unit Price Australian Income Fund (The Guaranteed Rate for July 2011 is 3.25% ) |
Date 03/02/12 |
Entry Price 1.0000 |
Exit Price 1.0000 |
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This product summary is only provided for information purposes. It does not contain investment recommendation nor provides investment advice. Professional investment advice can help you determine your tolerance to risk as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice and to read the relevant offer document in full before making an investment decision. Units in the fund will only be issued upon receipt of an application form accompanying a current disclosure document. The information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
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As at 30th March 2011, AXA Asia Pacific Holdings Limited and all of its Australian and New Zealand subsidiaries ceased to be members of the Global AXA Group and became members of the AMP Group.
