The mFund settlement service will drive new interest in managed funds from SMSF accountants, according to the OneVue/Investment Trends 2014 SMSF Accountant Report.
13% of survey respondents indicated they would start using mFund for their clients, while half of the group planned to increase managed fund investments through the service. Reasons cited for this were access to yield-based investments, funds with international exposure and equity and infrastructure funds.
"There is a growing demand from SMSF investors who want to buy both managed funds and listed securities in a simple and convenient way. We expect our involvement with mFund to continue to experience substantial growth this year," said OneVue head of client and product strategies Alex Wise.
"The findings are significant because mFund only recently commenced operation, and already 13% of SMSF accountants say they're likely to use it. We expect this trend will continue as more accountants become familiar with the service," he added.
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