Tom Piotrowski speaks with FGG and FGX CEO, Louise Walsh about CommSec’s partnership with Australia’s first listed philanthropic wealth creation vehicles.
Include charitable giving in your investment strategy
Help to support various Australian charities, and get your brokerage back when you buy listed investment companies FGX and FGG on the ASX*.
Available to all CommSec customers*, this initiative comes as a result of a recent partnership with FGX’s 17 fund managers and FGG’s 18 fund managers. It demonstrates our commitment to helping Australian communities achieve their goals.
About FGX and FGG
Future Generation Investment Company Limited (ASX: FGX):
Future Generation Investment Company Limited (ASX: FGX) offers shareholders the opportunity to gain unprecedented access to prominent Australian fund managers through a single listed investment company (LIC), while also supporting Australian charities focused on children and youth at risk.
The company offers diverse exposure to Australian equities through a range of different investment styles and strategies employed by its fund managers.
Future Generation Investment Company Limited charges 0.0% management fees and 0.0% performance fees and donates 1.0% of its net assets each year to Australian charities supporting children and youth at risk.
The company’s investment objectives are to provide fully franked dividends, to achieve capital growth, and preserve shareholder capital.
View the factsheet for more information.
Future Generation Global Investment Company Limited (ASX: FGG):
Future Generation Global Investment Company Limited (ASX: FGG) which listed in September 2015 is Australia’s first internationally focused listed investment company (LIC) with the dual objectives of providing shareholders with diversified exposure to global equities and changing the lives of young Australians affected by mental illness.
FGG offers investors the opportunity to gain unprecedented access to prominent global fund managers – a number of whom are closed or not accessible to retail investors – through a single ASX-listed investment vehicle.
The company charges 0.0% management fees and 0.0% performance fees. Fund managers are managing the capital entirely pro-bono so that 1.0% of net assets each year can be donated to Australian charities committed to young Australians affected by mental health issues.
The company’s investment objectives are to provide long term capital growth and fully franked dividends, and to maximise total shareholder return.
View the factsheet for more information.
About the brokerage refund
CommSec is offering a refund on all buy trades for FGG and FGX, provided your trading account is linked to an Australian bank account for settlement. At the time of trade you will be charged full brokerage, but you will be reimbursed this amount within five business days. The refund will settle to your nominated settlement account.
What you need to do
While CommSec is providing a brokerage refund service on purchases of FGX and FGG shares as part of our support for the relevant charities, please note that this does not constitute endorsement of these companies. Please undertake your own due diligence before making any investment decisions.
Learn more about FGG and FGX
Important information
*CommSec will refund brokerage to customers for buy trades in FGX and FGG that were executed from the date of 22/09/2016, provided the trading account used is linked to an Australian bank account for settlement. Offer available to all CommSec customers using a trading account linked to an Australian bank account for settlement.
Sell trades in FGX and FGG will be charged normal brokerage and will not be refunded. Normal share trading terms and conditions apply to buying and selling shares in FGX and FGG. CommSec reserves the right to cease this refund service, or amend the terms and conditions of the service at any time without notice.
While referencing the securities of FGX and FGG, this in itself does not constitute a recommendation to buy, sell or hold. Past performance is not indicative of future performance. As this information has been prepared without taking into account your objectives, financial or taxation situation or needs you should, before acting on this information, consider its appropriateness for your circumstances. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 ("CommSec") is a wholly owned, but non-guaranteed, subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945.