Dual Access Funds

Dual Access Funds

Dual access funds are managed funds that trade on regulated markets (ASX, Chi-X) and settle on CHESS, but that are also available via bilateral orders for applications and redemptions to the issuer’s registry (like a traditional unlisted managed fund).

Although the same underlying fund, each access method entails different custody and settlement market practice. Rising market interest has driven the need for discussion in the interests of efficiency and common practice.

The industry group that first met in Q2 of 2021 to discuss. This group has subsequently expanded with participation from additional registries, market participants, custodians and administrators.

This cross-industry group met on 2 September 2021 to further understand the opportunities for positive change. Key points from this meeting are summarised in the table below.