DomaCom launches new fund

ASIC/australian-securities-and-investments-commission/investors/

8 February 2014
| By Staff |
image
image
expand image

Arthur Naoumidis' latest play, DomaCom, this week came to market with a new product - the DomaCom fund. 

The company received a product authority from the Australian Securities and Investments Commission (ASIC) to cover what it is promoting as "an innovative fraction investment product" in early December. 

Naoumidis said the company had this week accepted its first application into the fund, which would provide investors with the ability to invest in residential, commercial and industrial properties. 

DomaCom said its approach was based on a unique Managed Investment Scheme (MIS) sub-fund structure and that the launch of DomaCom's online liquidity facility meant investors could sell their individual property units. 

The announcement said that with Perpetual serving as the Responsible Entity and Custodian, the DomaCom Fund had a solid foundation of corporate governance, which should give comfort to advisers when recommending the product to clients. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS