The mFund Settlement Service is a new initiative by the ASX.
The mFund Settlement Service enables investors to buy and sell units in selected unlisted managed funds (mFund products), via a stockbroker or advisory services used to transact shares or other ASX products.
The service uses CHESS, ASX’s world-class electronic settlement system, to automate and track the process of buying (applying for) and selling (redeeming) units in these managed funds. Your holdings in these funds (‘mFunds CHESS holdings’) are held electronically and can be linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX, such as shares.
That means you can track your managed fund investments using the same systems you use for shares and other securities.
Units in Spectrum’s Fund can be bought and sold through a participating mFunds stockbroker online, in person or via a financial adviser who uses a stockbroking service on their behalf.
Advisers and Investors can access information about these types of Funds through the ASX mFunds website www.asx.com.au/mfund/ .
If you have any questions on how to invest using mFunds please contact us on (612) 9299 2288 or email@example.com