The addition of Donaldson Burston, Platinum Asset Management, Select Asset Management and Smarter Money Investments is a sign of the "growing confidence" in the mFund service, said an ASX statement.
“With the total number of funds now numbering 55 and more brokers set to join shortly, the interest from investors and advisers wanting the benefits of investment portfolio diversification using mFund is growing,” ASX funds and investment products senior manager Marcus Christoe said.
“The growing number of partners joining mFund reinforced the confidence in the service, which was launched earlier this year,” he said.
Donaldson Burston has added its THS Partners Global Equity fund to the service, which aims to provide long-term capital appreciation by investing primarily in a portfolio of securities of companies listed on various world stock markets.
Platinum Asset Management has added the new Platinum Global fund which aims to provide capital growth over the long term through searching out undervalued investments around the world.
Smarter Money Investments has added its Smarter Money Active Cash fund, which targets returns that seek to outperform the RBA’s official cash rate by taking advantage of investment opportunities within the Australian cash and fixed-income markets.
The funds are offered by Select Asset Management as the fund’s responsible entity.
