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Investment Strategy

Two investment programs:
  AHL Diversified
  Glenwood

Westpac Guarantee

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Now Closes 22 July

Series 2 OM-IP 150 Plus Ltd
Capital Guaranteed, aiming for 15%pa plus return

Now Closes 22 July

Series 2 OM-IP 150 Plus (NZD) Limited is based on a new generation of guaranteed return funds developed by the Man Group, a UK based financial services group founded in 1783.

These new funds aim to generate medium term capital growth and provide the security of a guaranteed return on maturity.

The first Man guaranteed return fund was launched in Europe in August 2002. The Man guaranteed return funds have been extremely well received, attracting positive reviews in the international financial press and subscriptions for more than US$2 billion internationally and more than A$525 million in Australia and New Zealand.

A new Man guaranteed return fund is now available in Australia and New Zealand. It aims to generate medium term capital growth of more than 15%pa* and is structured as a New Zealand dollar investment. It also provides the security of a guaranteed return of NZ$1.50 per Share and provides for a rising guarantee from Westpac⁺.

Shares in Series 2 OM-IP 150 Plus (NZD) Limited are now available in Australia and New Zealand. To invest you need to apply for a minimum of 5,000 Shares at NZ$1.00 each. There is no additional entry fee.

To request a Prospectus and Application pack please click here
 

The Investment Strategy
Series 2 OM-IP 150 Plus (NZD) Limited aims to generate medium term capital growth of more than 15%pa*. It also provides the security of a guaranteed return of NZ$1.50 per Share and provides for a rising guarantee from Westpac⁺.

The Company’s investment strategy is to harness the performance of two leading international investment programs, one in London, the other in Chicago.



Source: Page 5 of the Prospectus.
Note: This illustration is not designed to predict future growth of the original investment or any increase in the Westpac 150 Guarantee⁺. It is designed to show only the key features of Series 2 OM-IP 150 Plus (NZD) Limited, which are an investment in the Westpac Security Fund to provide for the Westpac 150 Guarantee⁺ and the investment exposure to the AHL Diversified Program and the Glenwood Multi-Strategy Program. An explanation of how the Company invests subscription funds using the two investment programs and the Leverage Facility is outlined in the Prospectus. Investments using leverage are subject to a number of risks as outlined in the Prospectus.

The AHL Diversified Program is managed by Man Investments Limited in London. The Company's investment using the AHL Diversified Program will be supplemented by an additional investment using the Glenwood Multi-Strategy Program developed by the Glenwood Group in Chicago.

The combination of the two complementary investments is also designed to increase opportunities for profit and spread risk over a wide range of international markets and investment strategies within the total investment portfolio.

The OM-IP 150 Plus Strategy
Series 2 OM-IP 150 Plus (NZD) Limited aims to generate medium term capital growth by harnessing the performance of the AHL Diversified Program and the Glenwood Multi-Strategy Program.

The combination of the two complementary investments is also designed to increase opportunities for profit and spread risk over a wide range of international markets and investment strategies within the total investment portfolio.

The simulation of the OM-IP 150 Plus Strategy has been compared to New Zealand and global stock indices on page 14 of the Prospectus. Apart from recording a compound annual return of 19.9%* since December 1990, the simulation of the OM-IP 150 Plus Strategy would have continued to record positive medium term growth during the recent stock market correction.

Westpac 150 Guarantee
The Westpac 150 Guarantee⁺ contains two parts: the Guaranteed Return and the Rising Guarantee.

The Guaranteed Return is designed to provide the holders of the Shares on the Maturity Date (29 December 2017) with the security of receiving a minimum amount of NZ$1.50 for each Share held on the Maturity Date.

The Rising Guarantee allows the Company to lock in a portion of the trading profits after an initial growth target of 30% has been achieved. The Westpac 150 Guarantee will then increase by an amount equal to 50% of any new trading profits (after making good any prior years’ losses) generated in a financial year. This will mean that, subject to the terms of the Westpac 150 Guarantee, investors holding Shares on the Maturity Date will have a safety net that will rise when new trading profits are generated and locked away by the Company through the Rising Guarantee.

AHL Diversified Program
The AHL Diversified Program is managed by Man Investments in London. It identifies opportunities to profit from price movements in more than 120 international markets through efficient market strategies, using advanced technology and 24 hour risk management.

The performance of the AHL Diversified Program is demonstrated by Man Investments’ longest running AHL fund which has recorded a compound annual return of 17.8%* net of all fees since December 1990 and a compound annual return of 13.9%* over the last five years.

AHL Diversified Program
December 1990 to March 2005



Source: Page 9 of the Prospectus.
Note: This chart is expressed in log scale to uniformly illustrate percentage changes each month. The performance figures are measured by compound annual return and are calculated as at 31 March 2005. It shows an index of the performance of the AHL Diversified Program, through the actual trading results of Athena Guaranteed Futures Limited, the longest running AHL fund, net of all fees. The trading results of Athena Guaranteed Futures Limited have been adjusted to reflect the current fee structure of Athena Guaranteed Futures Limited from December 1990 to October 1997. Athena Guaranteed Futures Limited, as the longest running AHL fund, is the most representative of the performance of the AHL Diversified Program over this period.

Glenwood Multi-Strategy Program
The Company's investment using the AHL Diversified Program will be supplemented by an additional investment using the Glenwood Multi-Strategy Program. It identifies and allocates investments to a broad range of specialised international fund managers with the emphasis on generating consistent profits from investment strategies not linked to the overall performance of world stock, property and bond indices.

The Glenwood Multi-Strategy Program has recorded a compound annual return of 10.2%* net of all fees with a low level of volatility since January 1987 and a compound annual return of 3.5%* over the last five years.

Glenwood Multi-Strategy Program
January 1987 to March 2005



Source: Page 10 of the Prospectus.
Note: This chart is expressed in log scale to uniformly illustrate percentage changes each month. The performance figures are measured by compound annual return and are calculated as at 31 March 2005. It shows an index of the performance of the Glenwood Multi-Strategy Program through the actual performance of Glenwood Partners L.P. from January 1987 to December 1995 and Man Glenwood Multi-Strategy Fund Limited from January 1996 (net of current fees). Glenwood Partners L.P. as the first limited partnership using the Glenwood Multi-Strategy Program and Man-Glenwood Multi-Strategy Fund Limited are the most representative of the performance of the Glenwood Multi-Strategy Program over this period.

To request a Prospectus and Application pack please click here

Now Closes 22 July

* Past performance is not a reliable indicator of future performance
** Subject to the discretion of the Directors to extend the offer by up to 14 days
+ Subject to the terms of the Westpac 150 Guarantee outlined in chapter two of the Prospectus.

This information has been prepared without taking into account anyone's objectives, financial situation or needs so before acting on it consider its appropriateness to your circumstances and consult a LYFORDS Adviser.