Retail investors and SMSFs set to benefit from ASX mFund settlement service: EQT

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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.

Harvey Kalman

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.”

Funds available on the service from Equity Trustees and its investment partner managers are:

Equity Trustees:   
EQT Wholesale Flagship Fund
EQT Australian Equity Income Fund

PIMCO Australia:     
PIMCO EQT Wholesale Global Credit Fund
PIMCO EQT Wholesale Diversified Fixed Interest Fund
PIMCO EQT Wholesale Global Bond Fund
PIMCO EQT Wholesale Australian Bond Fund
PIMCO EQT Wholesale Australian Focus Fund
PIMCO EQT Wholesale Global Unconstrained Bond Fund

SG Hiscock & Company:
SGH 20 (Australian equities)
SGH ICE (Australian equities)
EQT SGH Wholesale Property Income Fund
EQT SGH Wholesale Small Companies Fund

LaSalle Investment Management:      
EQT SGH LaSalle Global Listed Property Securities Trust
EQT SGH LaSalle Global Property-Rich Trust

“The service will be of particular benefit to retail investors who are keen to broaden their portfolios while maintaining a simple and unified view of their investments,” Mr Kalman concluded.

For more information on mFund visit www.eqt.com.au/managed-funds/mfund.aspx

Equity Trustees Limited is a publicly listed company that provides a range of financial services to corporate and private clients. Its businesses include asset management, distribution, responsible entity appointments, private client wealth management, and corporate and personal superannuation. 

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For more information please contact:

Harvey Kalman – Phone: 03 8623 5301

22 May 2014