
Access over 170 international markets with the security of a capital guarantee
Recent months have seen a divergence of opinion on the state of local and global markets. Some suggest that an end to the global financial crisis is near, particularly as there has been some improvement in stock market performance and economic data. Others fear that we are in the midst of a 'bear market rally' - a temporary improvement in prices and sentiment that is followed by a more severe downturn.
Although today's outlook is uncertain, alternative investments can benefit in this environment. Investment strategies that have historically demonstrated the ability to capture profits in both rising and falling markets, such as the AHL Diversified Program, may therefore be attractive to investors.
Man OM-IP 3AHL will access the AHL Diversified Program, an investment strategy with over 18 years of history and a compound annual return of 16.0% since inception^.
Performance: aims to generate medium to long term capital growth* in both rising and falling markets.
Security: the Westpac Guarantee+.
Diversification: low correlation with the performance of investments in stocks, property and bonds~.
An investment in Shares is subject to the key risks described in Section 4 of the Prospectus. Investors should carefully read all of the Prospectus and seek advice from a licensed financial advisor before making an investment decision.
The past performance of Athena Guaranteed Futures Limited is compared to Australian, Asian and global stock market indices below.
Athena Guaranteed Futures Limited vs Australian and global stock market indices
December 1990 to July 2009

Source Page 8 of the Prospectus.
Note The chart is expressed in log scale to uniformly illustrate percentage changes each month. It shows an index of the performance of the AHL Diversified Program and shows the actual trading results for Athena Guaranteed Futures Limited, Man Investments' longest running AHL capital guaranteed fund. The figures have been adjusted to reflect the current fee structure from December 1990 to July 2009. It is not designed to predict the future performance of the AHL Diversified Program or Man OM-IP 3AHL. Performance figures are calculated net of all fees as at 31 July 2009. Past performance is not a reliable indicator of future performance.
The actual performance of Athena Guaranteed Futures Limited is compared to Australian, Asian and global stock market indices during specific periods of market difficulty in the table below:

Source Page 8 of the Prospectus
^ Past performance is not a reliable indicator of future performance. Performance figures are calculated net of all fees as at 31 July 2009.
* The aim to achieve medium to long term capital growth is based on the past performance of the AHL Diversified Program (see Section 2 of the Prospectus). Past performance is not a reliable indicator of future performance.
+ Subject to the terms of the Westpac Guarantee as described in Section 5 and set out in Appendix A of the Prospectus. Investors should consider the key risks set out in Section 4 of the Prospectus in particular under the headings 'The Westpac Guarantee' and 'Early redemption'.
~ Past performance is not a reliable indicator of future performance.
