GSFM Funds available through the mFund Settlement Service:
What is the mFund settlement service?
Operated by ASX, the mFund Settlement Service allows investors to buy and sell units in some Funds offered by GSFM using a more streamlined transaction and settlement process.
Investors can easily buy (apply for) and sell (redeem) units in mFunds via a participating broker. mFund provides for online transactions that are settled using CHESS, the ASX’s electronic settlement system. All transactions are recorded against the investor’s Holder Identification Number (HIN); this means listed and unlisted investments can be recorded in one place.
Why invest through mFund?
- Simple application and withdrawal – using a participating mFund broker, investors can do away with lengthy forms and apply for or redeem, Fund units online
- Streamline transactions – using a participating broker, investors can access unlisted managed funds in the same way they access listed securities
- Transparency – unit balances are recorded on an investor’s HIN, making it easy to monitor both listed and unlisted investments
- A holistic view – view all investments under a single HIN.