MSCI Accumulation Index ($A)
The Morgan Stanley Capital International Index in Australian dollars. It measures the way international shares values have changed ($A) and includes reinvestment of dividends. This index is a market proxy for international share portfolios.
Mezzanine Finance
A form of finance that combines debt and equity components to provide flexibility to the investor and the company. Mezzanine investing is riskier than traditional senior debt since the debt portion is in the form of subordinated debt (the level of financing senior to equity but below senior debt). Thus, if a company goes into […]
Medium term investment
An investment which generally matures between two and five years.
Master trust
A superannuation vehicle which enables a number of companies or individuals to combine their superannuation business under a common trust deed.