Online trading

An optional feature of Macquarie Prime is the ability to borrow to invest - gearing. 

You can elect to have loan facility switched on or off. Macquarie Prime offers lending over more than 750 ASX listed securities. A highlight is that the gearing level is variable so when you use the loan facility to buy shares you can determine how much of your own funds you want to commit. This means you are effectively choosing the gearing level that suits your personal preference - from zero to 95%^±.

The margin required for a position with Guaranteed Stop Loss (GSL) protection can be as low as 1% when a GSL is utilised.

To request a stock be added to our shorting list, please email us at prime@macquarie.com.au. Please note that this list of shares is subject to change. If you have any questions regarding this information please contact us.

Maximum Gearing levels are subject to the margin required for a particular position and may vary depending on the share.

Transferring your portfolio into your Macquarie Prime Facility is a simple process. If you have a current investment loan against your share portfolio you can apply to refinance this loan into you Macquarie Prime Facility. 

• Current list of shares available

Macquarie CFDs are fully integrated within the Macquarie Prime facility which offers an all in one facility for online trading, gearing, risk management tools and a cash account. Your CFDs and share positions can be held and transacted on the one platform. This integration offers you the advantage of margin offset.

CFDs allow you to protect your share positions with short CFDs. If you hold a long share position in your Prime Facility, you can hedge that position with a short CFD trade. The hedge can be tailored to the exact number of shares that you own.

Generally, you will not require further margin deposits for the short CFD position^#. This is due to cross-margining because your shares effectively act as margin for the short CFD position.

CFDs are offered via the Direct Market Access (DMA) model. We believe DMA offers you the most transparent pricing and cost structure.

Macquarie's unique Guaranteed Stop Loss (GSL) protection shields you against unexpected adverse share price movements during the GSL period. A GSL guarantees a worst case exit price for a CFD position during the GSL period and can allow you to increase your leverage.

CFDs are a relatively low cost trading vehicle with trading fees starting from $19.95 to open or close a CFD position.

• a share has a margin rate of 5%
• you only need to deposit 5% of the total face value of the position

ETFs assist investors with diversification by establishing a portfolio through a single security. ETFs can be used to create a diversified portfolio or compliment an existing portfolio.

ETFs allow you to access investment opportunities that may otherwise be unavailable to you, such as global or country specific index trackers.

ETFs are traded on the ASX and may offer greater liquidity than most unlisted managed funds. ETFs can be traded during ASX market hours at market prices rather than NAV per unit. This means that you can get in and out of an investment in ETFs just like shares.

An ETF will change in value as the underlying portfolio of assets changes in value. ETFs can also provide an income stream through distributions. You should be aware that while ETFs allow you to gain exposure to one or more indices, ETFs may not track a particular index exactly due to, for example, management fees.

ETFs typically have lower operating costs and management fees than more actively managed funds.

Exposure	ASX Code	Fund Name	Underlying Strategy	Distribution Frequency
Asia	IAA	iShares S&P Asia 50	The index covers the large-cap constituents in Hong Kong, Korea, Taiwan and Singapore.	Semi-annually
Australasia Europe Far East	IVE	iShares MSCI EAFE	Reflects the performance of European, Australasian and Far Eastern markets	Semi-annually
China	IZZ	iShares FTSE/Xinhua China 25	The Index consists of 25 of the largest and most liquid Chinese companies. All of the securities in the Index trade on the Hong Kong Stock Exchange.	Semi-annually
Europe	IEU	iShares S&P Europe 350	350 stocks in 17 European markets and 10 industry sectors.	Semi-annually
Emerging Markets	IBK	iShares MSCI BRIC	Reflects the performance of four emerging markets: Brazil, Russia, India and China.	Semi-annually
Global	IOO	iShares S&P Global 100	100 large transnational companies with minimum capitalisation of US$5bn.	Semi-annually
Global	VEU	Vanguard All-World ex-US Shares Index	Tracks the performance of the FTSE All-World ex-US Index.	Annually
Global Emerging Markets	IEM	iShares MSCI Emerging Markets	Leading companies in 22 emerging countries and 10 industry sectors.	Semi-annually
Hong Kong	IHK	iShares MSCI Hong Kong	Reflects the performance of the Hong Kong equity market.	Semi-annually
Japan	IJP	iShares MSCI Japan	Reflects the performance of the Japanese equity market.	Semi-annually
Singapore	ISG	iShares MSCI Singapore	Reflects the performance of the Singaporean equity market.	Semi-annually
South Korea	IKO	iShares MSCI South Korea	Reflects the performance of the South Korean equity market.	Semi-annually
Taiwan	ITW	iShares MSCI Taiwan	Reflects the performance of the Taiwanese equity market.	Semi-annually
US	IJH	iShares S&P MidCap 400	US stocks capitalised at US$1bn to US$4bn.	Quarterly
US	IJR	iShares S&P SmallCap 600	US stocks capitalised at US$300m to US$400m.	Quarterly
US	IRU	iShares Russell 2000	The Index is capitalisation-weighted and consists of the 2000 smallest companies in the Russell 3000 Index.	Quarterly
US	IVV	iShares S&P 500	US large-cap stocks across a range of industries.	Quarterly
US	VTS	Vanguard US Total Market Shares Index	Tracks the performance of the MSCI US Broad Market Index	Quarterly

Exposure	ASX Code	Fund Name	Underlying Strategy	Distribution Frequency
Australia	RDV	Russell High Dividend Australian Shares Fund	Designed to track the performance of the Russell Australia High Dividend Index by investing in around 50 blue chip Australian companies with a strong emphasis on higher dividends.	Semi-annually
Australia	SFY	SPDR S&P/ASX 50 Fund	Replicate the performance of the top 50 Australian Shares.	Semi-annually
Australia	STW	SPDR S&P/ASX 200 Fund	Replicate the performance of the top 200 Australian Shares.	Semi-annually
Australia	VAS	S&P/ASX 300 Index	Replicate the performance of the top 300 Australian Shares.	Quarterly

Exposure	ASX Code	Fund Name	Underlying Strategy	Distribution Frequency
Australian Energy	ENY	AII S&P/ASX 200 Energy	Replicate, the returns and characteristics of the S&P/ASX 200 Energy Index.	Semi-annually
Australian Financials	FIN	AII S&P/ASX 200 Financials	Replicate, the returns and characteristics of the S&P/ASX 200 Financials Index.	Semi-annually
Australian Financials excluding A-REIT Index	FIX	AII S&P/ASX 200 Financials	Replicate, the returns and characteristics of the S&P/ASX 200 Financials ex-A-REIT Index.	Semi-annually
Australian Financials excluding A-REIT Index	QFN	BetaShares Financials Sector ETF	The ETF aims to track the price and income performance of the S&P/ASX 200 Financials-x-A-REIT Index, before fees and expenses.	Semi-annually
Australian Industrials	IDD	AII S&P/ASX 200 Financials ex A-REITS	Replicate, the returns and characteristics of the S&P/ASX 200 Industrials Index.	Semi-annually
Australian Metals & Mining	MAM	AII S&P/ASX 300 Metals and Mining	Replicate, before fees the returns and characteristics of the S&P/ASX 300 metals and mining Index.	Semi-annually
ASX 200 Resources Index	QRE	BetaShares Resources Sector ETF	The ETF aims to track the price and income performance of the S&P/ASX 200 Resources Index, before fees and expenses	Semi-annually
ASX 200 Resources Index	RSR	AII S&P/ASX 200 Resources	Replicate, before fees the returns and characteristics of the S&P/ASX 200 Resource Index.	Semi-annually
Australian Listed Property	SLF	SPDR S&P/ASX 200 Listed Property Fund	Replicate the performance of the LPTs in the ASX 200.	Quarterly
Global Consumer Staples	IXI	iShares S&P Global Consumer Staples	Provides exposure to the world’s leading providers of consumer staples, such as Procter & Gamble, Nestle and Unilever.	Semi-annually
Global Healthcare	IXJ	iShares S&P Global Healthcare	Provides exposure to global healthcare and biotechnology companies, such as Johnson & Johnson and GlaxoSmithKline.	Semi-annually
Global Telecommu- nications	IXP	IShares S&P Global Telecommu- nications	Provides exposure to the world's largest suppliers of telecommunications, such as Vodafone and Telefoonica SA.	Semi-annually

Exposure	ASX Code	Fund Name	Underlying Strategy	Distribution Frequency
Gold	GOLD	ETFS Physical Gold	Provide a return equivalent to the gold spot price.	n/a
Currency Hedged Gold Bullion	QAU	BetaShares Gold Bullion ETF (A$ Hedged)	ETF aims to track the performance of the price of gold bullion, with a currency hedge against movements in the AUD/USD exchange rate, before fees and expenses	At least anually
Oil	OOO	BetaShares Crude Oil Index ETF- Currency Hedged (Synthetic)	The investment objective of the Fund is to track the performance of the S&P GSCI Crude Oil Index Excess Return hedged into Australian dollars, plus an interest component, before fees and expenses.	Anually
Palladium	ETPMPD	ETFS Physical Palladium	Provide a return equivalent to the palladium spot price.	n/a
Platinum	ETPMPT	ETFS Physical Platinum	Provide a return equivalent to the platinum spot price.	n/a
Silver	ETPMAG	ETFS Physical Silver	Provide a return equivalent to the silver spot price.	n/a

Exposure	ASX Code	Fund Name	Underlying Strategy	Distribution Frequency
US Dollar	USD	BetaShares US Dollar ETF	The ETF aims to track the change in price of the United States dollar relative to the Australian dollar, before fees and expenses.	At least annually
Euro	EEU	BetaShares Euro ETF	The ETF aims to track the change in price of the Euro relative to the Australian dollar, before fees and expenses.	At least annually
Pound Sterling	POU	BetaShares British Pound ETF	The ETF aims to track the change in price of the British Pound relative to the Australian dollar, before fees and expenses.	At least annually

For example, you decide that at $25.50, XYZ is undervalued and that the share price will rise in the short term. You decide to buy 1000 XYZ shares.

After six weeks, XYZ has risen to $27.50 and you decide to sell your shares. 

You have realised a gain on your long position of:

Gross Gain

= (Sale Price - Purchase Price) x Quantity
= (27.50 - 25.50) x 1,000
= $2,000

Note that this example does not include the effects of interest, fees or taxes.

For example, shortly after closing your long position, you decide that at $28.00 XYZ has become overvalued.

You decide to take out a short position and sell 1000 XYZ shares.

Two weeks later the price of XYZ has fallen to $27.00 and you decide to buy back her position.

The following gain has been realised on the short position:

Gross Gain

= (Sale Price - Purchase Price) x Quantity
= (28.00 - 27.00) x 1000
= $1,000

Note that this example is intended to show only a basic potential return from shorting. It does not include the effects of interest, fees or taxes.