News

RFRM may favour absolute return funds

Thursday 21st of March 2002
Tower Managed Funds has cautiously endorsed the McLeod tax review’s suggestion for changes to the taxation of investments – but with one big reservation.

The McLeod panel recommended that initially the risk free rate of return method (RFRM) only be applied to offshore investments.

However, Tower suggests the government would be unwise not to apply the...

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