Australian manager JB Global is hoping to raise over AUD120m ($107.7m) from investors for a structured product linked to the share price of Warren Buffett's Berkshire Hathaway.
Berkshire Hathaway Income and Equity Accelerator is a three-year, capital-protected investment offering potential income of up to 8.1% pa (net of 10% performance fees) as well as growth depending on the performance of Berkshire Hathaway's B-class shares, which were recently split on a 50-to-one basis to make them more accessible.
A 100% borrowing facility is available at 4.95% pa provided by RBS, which also provides the assets for the product.
The firm is planning to launch a Chinese infrastructure and property fund in June, according to local news reports.
This product will appear shortly in Recent Additions (Australia).