Powered by MOMENTUM MEDIA
investor daily logo

Macquarie tweaks agricultural offerings

  •  
By Vishal Teckchandani
  •  
1 minute read

Macquarie Agricultural Funds Management has finetuned the features included in its offerings for 2011, adding a new security measure aimed at rebuilding investor confidence in the asset class.

"Some of the issues that have happened in the past when the promoter has gone down is the money to plant the trees wasn't there, the money to maintain the trees wasn't there, so they had to go back to investors, and when there were rental arrangements there wasn't the money to pay the rent," Macquarie Agricultural Funds Management executive director Anthony Abraham said.

To protect investors from this scenario, Macquarie is setting up security accounts for its 2011 Forestry Investment and Almond Investment products.