• Q & A:
  • How are Entry (application) and Exit (withdrawal) prices calculated?
    Answer:

    The Application Price (also described as the issue price) is the price at which units are issued when an investor invests in a fund. This is generally calculated by using the Net Asset Value (mid) unit price plus the transaction cost factor.

    However units issued under a distribution reinvestment plan are issued at the Net Asset Value unit price applicable at the date of reinvestment in accordance with each Funds’ constitution.

    The Withdrawal Price (also described as the redemption price) is the price at which units are redeemed when an investor withdraws from a Fund. This is generally calculated by using the Net Asset Value unit price minus the transaction cost factor.

  • Is it a lengthy process to invest in a Managed Fund?
    Answer:

    It’s easy to start investing and it can be done with as little as $2,000, though each Fund has its own minimum. Firstly, you will need to read the Funds PDS and complete an application form. Sufficient identification is needed to meet “Know Your Customer” (KYC) guidelines as well as Anti Money Laundering checks. The required information can be found in the back of the Funds’ PDS.

  • Can I see my account on-line?
    Answer:

    Currently we do not provide this – but we are working on it now and hope to launch this new service in 2017.

  • Apart from management fees, what are some of the other fees associated with Managed Funds?
    Answer:

    Some Fund managers may charge other types of fees including but not limited to Establishment fees, Contribution fees, withdrawal fees, terminations fees & switching fees. The types of fees charged can be found in the Fund’s PDS.