EQT announces 14 funds on ASX mFund
Financial services group, Equity Trustees has announced that 14 of the funds its represents will be made available on the Australian Securities Exchange-backed mFund settlement service.
The group, which boasts funds management partners such as PIMCO, LaSalle and SG Hiscock & Company, announced the initiative this week, noting that 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.
Commenting on the development, Equity Trustees head of corporate fiduciary and financial services, Harvey Kalman said that, in fall, the company had 14 funds currently available on the mFund Settlement Service, something which meant investors could have access to all asset classes through mFund, with the exception of International Equities.
Kalman said an International Equities offering would be available on the service next month.
“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,” he said.
Equity Trustees is a foundation member of the mFund service.
AUTHOR
Mike Taylor
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
