Retail investors and SMSFs set to benefit from ASX mFund settlement service
Equity Trustees and its award winning investment manager partners PIMCO, LaSalle and SG Hiscock & Company have made 14 funds available on the mFund settlement service, with more set to follow.
The mFund Settlement Service is an ASX initiative that allows investors to buy and sell units in selected unlisted managed funds (mFunds), through a process similar to investing in shares. They can be bought and sold through their ASX stockbroker online, in person or through a financial adviser who uses a stockbroking service on their behalf.
Mr Harvey Kalman, head of EQT corporate fiduciary and financial services, said Equity Trustees was the first foundation member of the service and, together with its investment manager partners, EQT, PIMCO, LaSalle and SG Hiscock & Company, offers a diversified range of funds through the service for retail investors.
“In all EQT has 14 funds currently available on the mFund Settlement Service which means investors will now have access to all asset classes through mFund, with the exception of International Equities which will be available in June,” Mr Kalman says.
“Investors have access to fixed interest, Australian equities including large cap, small companies, franchise, dividend income and concentrated, and global and Australian listed property securities.”
Marcus Christoe from ASX said: “EQT as a foundation member brings a significant opportunity to provide investors and their advisers with access to a growing range of investment options in a way that is easier and more efficient; removing paper based applications and cumbersome identification procedure from the process. The service will provide investors already familiar with transacting shares using an ASX stockbroker access to unlisted managed funds.”
