The mFund Settlement Service is an initiative by ASX that allows investors to conveniently invest in unlisted managed funds, in the same way that investors would transact shares or other ASX products.
The service enables you to buy and sell units in selected unlisted managed funds
directly with the mFund issuer via a stockbroker or advisory services used to transact shares or other
The service uses CHESS, the ASX 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.
mFund means managed fund investments can be tracked using the same system that is used for shares and other listed securities.
To learn more about the mFund, click here to watch the video.
The following APN funds are available on the mFund Settlement Service:
List of current participating mFund brokers, click here.