SGF added to mFund platform

8 November 2018
| By Oksana Patron |
image
image
expand image

The Brisbane-based Strategic Global Fund (SGF) is now open for investment via the Australian Securities Exchange (ASX) mFund platform.

The fund was designed to offer investors the ease of buying and selling units directly through any mFund-participating broker, with a minimum $20,000 investment, the firm said.

According to SGF, prior to its launch, the structure had a 10-year track record operating as a wholesale fund with an average year-on-year return of 18.45 per cent per annum since inception in 2008.

SGF’s chief executive, Rob Knight said that the initial response from brokers and financial advisers seeking access to the fund through mFund was positive.

“We see a strategic advantage with the mFund considering the ease of use of the facility and that it provides an additional platform opportunity for brokers and planners to utilise the SGF,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago