SGF added to mFund platform


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.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.