mFunds

The Government has introduced new Design and Distribution Obligations (DDO) from 5 October 2021 which require (amongst other things):

• product issuers to make, publish and review a target market determination for financial products i.e. determining who the product is appropriate for; and 
• product distributors (like nabtrade) to take reasonable steps to distribute the financial products within that target audience.

As a product distributor, nabtrade is unable to provide target determinations for all ASX mFunds available on the platform or limit distribution to only clients within that target audience. As a result nabtrade will no longer be able to accept mFund Buy orders.

You don’t need to do anything. From 4 August 2021 you simply won’t be able to submit any mFund buy orders on nabtrade.

No, you don’t have to sell or transfer existing mFunds holdings. We will continue to allow you to hold any existing mFunds investments acquired prior to 4 August 2021 on nabtrade, and the sell functionality will still be available.