Important announcement:

nabtrade will be unavailable between 00:00 and 12:45 on Sunday 26th of May for scheduled maintenance.

The US markets shift to T+1 settlement and the FX PDS update both take effect on Tuesday 28th May 2024.

mFunds

Due to new legislation, we're making changes to our mFunds product offering.

You won’t be able to buy mFunds on nabtrade

From 4 August 2021 mFunds Buy orders on nabtrade will not be processed.

You’ll receive a warning message when you try to place mFunds Buy orders on the nabtrade order pad.

We will continue to support your existing mFund holdings

We will continue to allow you to hold any existing mFund investment on nabtrade, including the facilitation of mFund sell orders.

We will notify you if this changes.

Frequently asked questions

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.