Finally a term deposit alternative. Congrats Clearmatch team. Another first for Aussie marketplace lending.
The Clearmatch team is delighted to announce its dedicated Insurance Premium Funding Trust received a Favourable Investment Grade rating by SQM Research on 26 February 2019.
Designed to be a viable alternative to investing in term deposits and Cash/Enhanced Cash Funds, the Fund is an open-ended, unregistered Managed Investment Scheme, available only to Australian wholesale clients at the moment. The Fund aims to deliver a regular income stream and yield (currently 4+% p.a. after fees and losses) with low capital risk/volatility.
The SQM report highlighted the following strengths of Clearmatch and the Fund:
- A sophisticated software platform that enables fractionalisation of investment risk and the customisation of a return profile for individual investors, according to the investor’s investment guidelines and asset allocation preferences.
- Investors receive income as it is earned on the loan repayments, with real time reporting of the performance of the loan book to which the investor is exposed.
- Management fees are only charged on successful receipt of principal and interest on each loan note, not on invested FUM.
- A well experienced head office and marketing management team that have cross functional expertise in business management, lending, technology and investment businesses.
The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.