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EQT joins ASX mFund service

Equity Trustees (EQT) has announced it has made 14 of its funds available on the ASX mFund settlement service, which it said “brings a significant opportunity” to advisers and their investors.

EQT was the first foundation member of the mFund service and the company said that together with its investment manager partners PIMCO, LaSalle and SG Hiscock & Company, it has included funds from a range of asset classes through the service.

“In all, EQT has 14 funds currently available on the mFund Settlement Service, which means investors will now have access to all asset classes through mFund with the exception of international equities, which will be available in June,” EQT head of corporate fiduciary and financial services Harvey Kalman said.

“Investors have access to fixed interest, Australian equities including large cap, small companies, franchise, dividend income and concentrated, and global and Australian listed property securities.

“The service will be of particular benefit to retail investors who are keen to broaden their portfolios while maintaining a simple and unified view of their investments,” Mr Kalman added.

The ASX’s Marcus Christoe said that by joining the service, EQT is providing advisers with a more efficient way to access investment options.

“EQT as a foundation member brings a significant opportunity to provide investors and their advisers with access to a growing range of investment options in a way that is easier and more efficient, removing paper-based application and cumbersome identification procedure from the process.”