All CommSec customers can purchase shares in Australia’s first listed philanthropic wealth creation vehicles, Future Generation Investment Company Limited (ASX: FGX) and Future Generation Global Investment Company Limited (ASX: FGG), without paying brokerage fees.
FGX and FGG founder and Director Geoff Wilson thanked CommSec for its commitment to the Future Generation companies and the 22 charities they support.
“This Australian-first initiative will help support Australian charities while encouraging investors to include charitable giving in their investment strategy,” Mr Wilson said.
“We look forward to seeing the results of this partnership, as well as bringing awareness to the outstanding charities FGX and FGG support,” he said.
FGX and FGG provide shareholders with unprecedented access to prominent fund managers, who manage the capital while forgoing management and performance fees.
This generosity allows the companies to donate 1.0% of assets each year to Australian charities supporting children and youth at risk and children and youth mental health.
Since establishment the companies have together donated $6.35 million.
For the 2016 financial year, FGX’s fully franked full year dividend was 4.0 cents per share and FGG’s maiden fully franked final year dividend was 1.0 cent per share.
