I would also point out that the PDS on p4 does state that the product time frame should be considered as between 7-10 years. So this is not a hop-in/hop-out investment for share traders but rather a longer term investment for those requiring a regular cash payment.
I do have a question that I have not had the opportunity to discuss with Magellan/Automic and that is:
The units are now quoted on the ASX (today at $5.79) if the units are purchased via a trading platform
( I use Westpac's) and registered with CHESS how do they get registered with the FuturePay fund in my account name??
Ann: Launch of Magellan FuturePay, page-22
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Last
$10.68 |
Change
0.090(0.85%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $10.69 | $10.85 | $10.67 | $4.838M | 450.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3390 | $10.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.71 | 2500 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |