ASX this week welcomed four new partners to its mFund Settlement Service – Donaldson Burston, Platinum Asset Management, Select Asset Management and Smarter Money Investments. All have chosen mFund to boost their distribution capability to the direct investor and growing SMSF markets, as well as to take advantage of the service’s operational efficiencies.
Marcus Christoe, Senior Manager Funds & Investment Products at ASX, said the growing number of partners joining mFund reinforced the confidence in the service, which was launched earlier this year.
“With the total number of funds now numbering 55 and more brokers set to join shortly, the interest from investors and advisers wanting the benefits of investment portfolio diversification using mFund is growing,” he said.
– Donaldson Burston has added its THS Partners Global Equity Fund to the service, which aims to provide long-term capital appreciation (5 to 7 years) by investing primarily in a portfolio of securities of companies listed on various world stock markets. The funds are offered by Equity Trustees as the fund’s responsible entity.
– Platinum Asset Management has added the new Platinum Global Fund, which aims to provide capital growth over the long-term through searching out undervalued investments around the world. Platinum is one of Australia’s largest investment managers in international equities, with a proven 20 year track record.
– Smarter Money Investments has added its Smarter Money Active Cash Fund, which targets returns that seek to outperform the RBA’s official cash rate by taking advantage of investment opportunities within the Australian cash and fixed-income markets. The funds are offered by Select Asset Management as the fund’s responsible entity (recently acquired by OneVue).
More information on the service, including the list of available funds, prices, performance details, and an educational video explaining how the service works is available at www.mfund.com.au
