Business Daily
A+ R A-

Money & Finance Today

UBS joins mFund service

Sydney 24 February 2015. UBS Securities Australia has this month joined the mFund Settlement Service. This strengthens the distribution capabilities of mFund through UBS’s extensive network of broker, adviser and investor channels.

The addition of UBS takes the number of partners connected to 11 distributors, 10 issuers representing 75 funds and 22 fund managers, and 9 registrar service providers.

Chan Arambewela, Manager, Wealth Management Services at ASX, said the inclusion of UBS Securities will extend the access of mFunds to a greater audience of financial advisers and retail investors: “UBS has an extensive distribution network covering their own broking clients and, importantly, a number of third-party intermediaries which have their own advisers and investors. mFund allows these participants to tap into cost-effective asset allocation and portfolio opportunities covering an ever increasing range of asset classes and regions.

“ASX is continuing to offer a series of free seminars in 2015 to demonstrate how mFund makes the process of diversification simpler for both investors and advisers without getting immersed in paperwork,” he said.

Michael Hawke, UBS Head of Execution and Clearing Services said: "mFund is an important innovation and UBS is delighted to be a part of this initiative with ASX.  We believe it will introduce efficiencies into the market and improve investor access to a broad and growing range of managed funds."

More information on the mFund service, including the list of available funds, prices, performance details, and an educational video explaining how the service works, is available at Details on the seminars can be found here.

UBS is a global firm providing financial services to private, corporate and institutional clients.  It is present in all major financial centres and has offices in over 50 countries.  In Australia, UBS offers wealth management, investment banking and asset management services.

Page 176 of 192