What is the mFund Settlement Service?
Buy and sell units in unlisted managed funds
At AMP Capital, we have a range of high quality investment options available on ASX mFund. The mFund Settlement Service from ASX enables you to buy and sell units in selected unlisted managed funds via the stockbroker or adviser you usually use to transact shares or other ASX products. The service uses CHESS, the ASX electronic settlement system, where you can apply for or redeem units in a participating managed fund.
Track progress with the same systems you use for shares and other securities
Your holdings in these mFunds are held electronically and are linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX. If you do not currently hold a HIN, you will be issued with one if you acquire units in a participating managed fund. That means you can track your managed fund investments using the same systems you use for shares and other securities. The mFund Settlement Service does not facilitate on-market buying and selling between investors. The mFund units settled through the mFund Settlement Service are issued and redeemed by the issuer of the fund.