Discount Managed Funds -- A Solid and Successful First Year

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On-line investment company Discount Managed Funds (DMF) celebrated the successful conclusion of its first year of operation last week. Since commencing business in February 2005 the web-based investment service has attracted a great deal of interest, enquiries and investments. In the first 12 months, DMF recorded over 30,000 visits to its website http://www.discountmanagedfunds.com.au, 250 subscribers registered to receive the electronic monthly newsletter and over $4 million in funds was invested.

DMF has established a very solid foundation for the future and will continue to assist Investors that want to control their investment strategy with simple low cost access to Australian Managed Funds, Superannuation Funds and Allocated Pensions.

On-line investment company Discount Managed Funds (DMF) celebrated the successful conclusion of its first year of operation last week.

Since commencing business in February 2005 the web-based investment service has attracted a great deal of interest, enquiries and investments.

In the first 12 months, DMF recorded over 30,000 visits to its website http://www.discountmanagedfunds.com.au, 250 subscribers registered to receive the electronic monthly newsletter and over $4 million in funds was invested.

“I’m pleased to confirm that all the objectives we set for DMF’s first year of operation were achieved and surpassed,” said DMF Director Mr. Tyrone Wiseman.

“DMF has established a very solid foundation for the future and will continue to assist Investors that want to control their investment strategy with simple low cost access to Australian Managed Funds, Superannuation Funds and Allocated Pensions.”

The on-line investment service provider also recorded a steadily increasing number of International visits to its website following the introduction of the New International Tax Arrangements (Managed Funds and other Measures) Bill that was passed by the Federal Parliament in March 2005.

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).

Mr. Wiseman said that DMF was expecting even more interest to come from overseas, particularly in response to the strength of the Australian market as it is regarded as very attractive to International Investors.

At the end of November, an assessment of DMF’s website revealed 17% of enquiries were from Asia and 15.6% from North America.

This interest has grown steadily over the past two quarters – and is expected to continue through 2006.

“Our first year of operation has been a successful milestone for DMF.

However, we are determined to build on our first year success and achievements and continue to evolve our business operation in response to the requirements of our clients and future Investors,” concluded Mr. Wiseman.

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