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      ANZ Discovery Asia Fund
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    The ANZ Discovery Asia Fund is designed to provide investors with enhanced exposure to the performance of a diversified portfolio of Asian focused absolute return funds whilst preserving capital and generating positive returns over the long term.
    Features
    Asset class Asian Equity Linked Investment

    Deal Structure Units in a Fund that invests in Class B Shares of the Lighthouse Asian Strategies Fund, coupled with ANZ Dynamic Management

    Issuer HFA Asset Management Ltd.

    Maturity 29 July 2016 (8 years, 1 month)

    Investment Objective The investment objective of the Fund is to gain enhanced exposure to the performance of a diversified portfolio of Asian focused absolute return funds, generating positive returns over the long term whilst preserving capital.

    Lighthouse Asian Strategies Fund The Underlying Fund to which the Fund will have leveraged exposure is the Lighthouse Asian Strategies Fund Limited -Class B Shares. The Underlying Fund is a diversified fund of Asian focused absolute return funds and is managed by Lighthouse Investment Partners LLC, offering an alternative to traditional equity and fixed interest investments.

    Capital Protection and Put Option ANZ will employ the Dynamic Management process to provide investors with 100% capital protection at maturity.
    For extra protections, ANZ has also made available a Put Option to approved Investors. Exercisable at Maturity, the Put Option will ensure a Unit holder receives at least an amount equal to their application amount1.

    Loan Facility ANZ will provide approved investors with a Loan of 100% of the application amount, with interest payable annually in advance.

    Management Fees Management Fee of 1.33% p.a. of the Gross Asset Value (GAV) of the Fund, Performance fee of 10.25% of the monthly increase in net asset value (NAV) of the Fund, Dynamic Management Fee of 1% p.a. of the Swap Value or 0.10% p.a. if the Swap Value is wholly invested in Cash Units. All fees inclusive of GST.

    Liquidity Quarterly liquidity after the first 12 months with monthly valuations provided by HFA.

    Minimum Investment With Loan: The minimum Application Amount in the Fund is $50,000, with $10,000 increments thereafter.
    Without Loan: The minimum Application Amount is $10,000, with $1,000 increments thereafter.

    1 For full details please refer to the Summary of Terms

    Facts
    Offer $1.00 per Unit

    Offer document Product Disclosure Statement dated 19 March 2008

    Minimum investment With Loan: The minimum Loan amount is $50,000 and increases in multiples of $10,000 thereafter.
    Without Loan: The minimum Application Amount is $10,000, with $1,000 increments thereafter.

    Expected Opening Date The Offer is now closed

    Expected
    Close Date
    13 June 2008
    Price History
    30/09/08     - $0.922
    More Information

    Download:


    Contact us: Call Toll Free: 1800 204 693 Email: StructuredInvestments@ANZ.com

    Important Notice:

    HFA Asset Management Limited (ABN 25 082 852 364) (Australian Financial Services Licence 246 747) (HFA) is the issuer of units in, and the responsible entity of, the ANZ Discovery Asia Fund (ARSN 129 944 547). This product is distributed by Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (Australian Financial Services Licence No. 234527) (ANZ). HFA and ANZ recommend that you read the PDS for this product and take appropriate legal, taxation and financial advice before deciding to acquire or hold the product.

    The contents of this web page are subject to the PDS for this product, and are for your information only. You must not reproduce, distribute or publish this web page for any other purpose.

    Neither ANZ nor any of its related entities is responsible for the PDS and take no responsibility for preparation of the PDS other than references to ANZ's name and statements relating to provisions of the Swap, Loan and Put Option, and only to the extent that ANZ has given consent for HFA to include those statements in the PDS.

    The information on this web page does not take into account your objectives, financial situation or needs and does not constitute investment or taxation advice or an offer or an invitation to acquire the financial products referred to on this web page. The information on this web page may change at any time and may no longer be accurate. Please check with your ANZ contact in relation to the currency of this information.

    The products referred to on this web page are only to be issued or offered to residents of Australia. There may also be additional restrictions. Please refer to the PDS.

    Please note that ANZ may hold a principal position in the products referred to on this web page. Furthermore any investment by you in any product referred to on this web page is not an interest in, deposit with or any other liability of HFA, ANZ or their related entities. Any investment by you in any product referred to on this web page is subject to investment risk, including loss of income and permanent capital loss. Other than as disclosed in the PDS, none of HFA, ANZ or any of their related entities have any liability with respect to, and do not guarantee the performance or capital value of, any product referred to on this web page. HFA and ANZ may receive a commission, remuneration or other benefit as result of any dealing in such product.

    As a salaried employee, your ANZ Private Bank Adviser does not earn any up-front or on-going (trail) commissions, but may receive a bonus and other benefits as a result of you acquiring any financial products recommended and overall performance. ANZ Private Bank Advisers are representatives of ANZ, the holder of an Australian Financial Services Licence.

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