Bentham Funds to be available on ASX mFund Settlement Service
Boutique global credit investment manager, Bentham Asset Management, has announced that two of its key funds, the Bentham Global Income Fund and Bentham Syndicated Loan Fund, will be available via the ASX’s newly launched mFund Settlement Service.
ASX mFund Settlement Service is a new electronic processing service that allows investors to use a participating ASX broker to invest in and redeem units in unlisted managed funds.
This will provide investors, advisors and brokers with a simple and electronic-based system for accessing unlisted managed funds, utilising ASX’s CHESS settlements system. Investments can be linked to an investor’s existing Holder Identification Number (HIN), allowing investors to track their managed fund investment using the same system they use for shares and other ASX products.
Bentham Asset Management Managing Director and Lead Portfolio Manager, Richard Quin, says the service is an important step forward in allowing individual investors, including SMSFs, to more easily access professionally managed investment portfolios.
“The mFund service can provide simple access to diversifying asset classes, such as global credit and fixed interest, which have traditionally been difficult to access and are underinvested in by individuals,” he said.
The Bentham Global Income Fund ASX Class and Bentham Syndicated Loan Fund ASX Class will be available via the ASX mFund Settlement Service.
The Bentham Wholesale Global Income Fund returned 11.68 % (net of fees) for the year to 31 March 2014 and 21.35 % p.a. (net of fees) for the five years to 31 March 2014. Bentham’s Wholesale Syndicated Loan Fund delivered a net return of 8.45 % for the year to 31 March 2014, and 17.34 % p.a. (net of fees) for the five years to 31 March 2014.
Bentham Asset Management is a foundation member of the ASX mFund Settlement Service.
