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Product options

A range of investment products may be eligible to be quoted on ASX’s market. Unlisted managed funds may elect to utilise the mFund Settlement Service.

Product options

Key features of different investment product structures

 

LIC

LIT

mFund

ETMF

ETF

Governance

Board of Directors

Responsible Entity

Responsible Entity

Responsible Entity

Responsible Entity

Typical vehicle structure

 

Public company

Registered Managed Investment Scheme (MIS)

Registered Managed Investment Scheme (MIS) Registered Managed Investment Scheme (MIS) or applicable foreign company  Registered Managed Investment Scheme (MIS) or applicable foreign company

Open or closed ended

Closed ended

Closed ended

Open ended

Open ended

Open ended

Relevant Rules

ASX Listing Rules

ASX Listing Rules

ASX Operating Rules (AQUA Rules)

ASX Operating Rules (AQUA Rules)

ASX Operating Rules (AQUA Rules)

Form of Admission

Trading, clearing and settlement

Trading, clearing and settlement

Settlement only

Trading, clearing and settlement

Trading, clearing and settlement

Minimum admission size

$15m NTA and 300 investors @ $2k each

$15m NTA and 300 investors @ $2k each

N/A

N/A

N/A

Liquidity

Secondary market trading.

Price set by supply and demand in market.

Secondary market trading.

Price set by supply and demand in market.

Primary market.

Applications and redemptions are processed by the Issuer at a unit price set in accordance with the Issuer's unit pricing policy (typically daily priced).

Secondary market trading.

Liquidity supported primarily by market makers

Secondary market trading.

Liquidity supported primarily by market makers

Contact ASX

Andrew Weaver

Senior Manager, Investment Products

Ph +61 2 9227 0575

Email

Martin Dinh

Senior Product Manager, Investment Products

Ph +61 2 9227 0318

Email

Fabiana Candiano

Product Manager, Investment Products

Ph +61 2 9227 0862

Email