OneVue spruiks mFund
In the same week as the SMSF Professionals' Association of Australia conference, OneVue has pointed to its status as a foundation member of the Australian Securities Exchange (ASX) new managed funds settlement service.
The company said the service would transform the market by reducing administration costs and making it easier for self-managed superannuation funds (SMSFs) to participate directly in the managed funds space.
OneVue chief executive Connie Mckeage said the company was pleased to be one of the 60 foundation members.
"Through mFund we are redefining the possibilities of the managed funds sector by enabling investors to apply for and redeem units in managed funds under a process similar to how listed securities are currently brought and sold on the ASX," she said.
Mckeag noted the absence of some of the big platform providers from the foundation members list and said it was likely they were seeking to protect their revenue base.
Originally published by SMSF Essentials.
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