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Implemented Portfolios News

ASX managed fund service ‘bigger than FOFA’

The ASX’s launch of the mFund Settlement Service, formerly known as AQUA II, has the potential to be a “bigger game-changer than FOFA for the advice industry”, according to a portfolio construction consultant.

The service, tipped to go live early this year, “enables the automation of settlement of applications and redemptions for managed funds on the ASX,” the ASX stated. READ MORE