Discount Managed Funds Benefits From New International Tax Arrangements Bill

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On-line investment service provider, Discount Managed Funds (DMF) has reported a marked increase of international visits to its website discountmanagedfunds.com.au and with the New International Tax Arrangements (Managed Funds and other Measures) Bill that was passed by the Senate earlier this month expects there to be a lot more.

On-line investment service provider, Discount Managed Funds (DMF) has reported a marked increase of international visits to its website http://www.discountmanagedfunds.com.au and with the New International Tax Arrangements (Managed Funds and other Measures) Bill that was passed by the Senate earlier this month expects there to be a lot more.

DMF commenced business in December 2004 providing investors with online access to managed funds.

Investors have been attracted in growing numbers to DMF as the service rebates all entry fees to the investor in the form of additional units in their respective investment(s).

“We have been pleasantly surprised at the rapid shift of visits to our website that have been recorded from potential overseas investors before the International Tax Bill was passed,” said Discount Managed Funds Director Mr. Tyrone Wiseman.

“Now that the rules have changed, we are expecting even more interest to come from overseas”.

“In particular, the strength of the Australian market in recent times has definitely improved the attractiveness of investing in Australia.”

The following statistics have been recorded to DMF’s website for the month of February:

Oceania (including Australia)     79.03%

Asia                17.76%

Europe                0.50%

North America             2.71%

“Considering that we didn’t target any overseas markets in our initial promotional campaigns, this is a fantastic result and I believe that once word gets around about this Bill – we will definitely see more interest from international investors,” concluded Mr. Wiseman.

Issued by Discount Managed Funds

Media Inquiries:    

Mr. Joe Perri    Tel: 0412 112 545

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