The mFund Settlement Service is a world-leading innovation that allows you to invest in unlisted managed funds, like the Smarter Money funds, using a simple and convenient approach.
The service uses CHESS, ASX’s electronic settlement system, to automate and track the process of buying (applying for) and selling (redeeming) units in these managed funds. Investors’ holdings in these funds (‘mFunds holdings’) are held electronically and linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX, such as shares.
Visit the ASX mFund site.
|Fund Name||mFund Code|
|Smarter Money Fund (SMAC)||SMF01|
|Smarter Money Higher Income (SMHI)||SMF02|
An mFund product is an unlisted managed fund, like the Smarter Money funds, available to investors/advisers through the mFund Settlement Service. The ASX rule framework supports the mFund Settlement Service by ensuring all parties, including stockbrokers, issuers and unit registrars are accountable for their roles and responsibilities.
A diversified portfolio can reduce the level of investment risk by minimising the impact of poor performance by a particular industry or industry sector.
Potential wealth generation and wealth preservation
A well-chosen managed fund, used individually or in conjunction with other investments, can create a portfolio to assist your efforts to generate and protect your wealth.
Investing in a managed fund is as affordable as investing in direct securities. You can start investing with a relatively small amount, adding to it cost effectively over time.
Access to a range of assets through specialised funds
Managed fund products can provide access to assets that may assist with portfolio diversification. These are assets in which individual investors may not normally be able to invest, due to financial limitations and restricted access to markets, research, information or insight to performance.
Efficiency, convenience, transparency and speed: