Expression of Interest

InvestSMART Ethical Share Fund (Managed Fund) (ASX:INES)

A simple, cost-effective way to access ethical investments without the usual high fees.

We’re about to launch the InvestSMART Ethical Share Fund under the ASX code: INES.

The InvestSMART Ethical Share Fund is an Active ETF designed for investors seeking a diversified selection of Australian companies that produce growing, sustainable profits at low risk of interruption from the increasing threats associated with Environmental, Social and Governance (ESG) factors.

The Fund will invest in undervalued companies with strong long-term capital growth prospects based on the Intelligent Investor’s value investing research process. Making more than 500 Buy recommendations since 2001 with an average outperformance of 5.2% a year relative to the ASX 200 (see our verified 2018 performance report).

Best of all, it has lower fees than other active fund managers – just 0.97% p.a with no performance fee.

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OFFER DETAILS AND PROPOSED TIMELINE  
Initial offer opens Monday, 29 April 2019
Initial offer closes Friday, 31 May 2019
Expected listing date Wednesday, 12 June 2019
Application price $2.50 per unit
Minimum application amount $2,500 (1,000 units)

Hear from Portfolio Manager, Nathan Bell

Nathan explains why we're launching an Ethical Fund, his investment process and the Fund’s structure. Watch the video to find out more about the InvestSMART Ethical Share Fund (Managed Fund)

Find out more about the Fund

Webinar: The Risks and Rewards of ESG Focused Investing
Join Nathan Bell at 11:00am on Monday, 15th April to hear more about ESG focused investing.
Register
Why we're looking to launch an Ethical Fund
Portfolio Manager, Nathan Bell explains what ethical investing actually means and why it pays off.
Read More
Ethical investing doesn't mean a lack of choice
Portfolio Manager, Nathan Bell explains why the portfolio won't be starved of good investment ideas.
Read More


Meet the people behind your investments

 

Paul Clitheroe

Chairman

Paul Clitheroe

Ron Hodge

Managing Director

Ron Hodge

Alan Kohler

Editor-in-Chief

Alan Kohler

Alastair Davidson

Head of Funds Management

Alastair Davidson

Nathan Bell

Portfolio Manager

Nathan Bell

InvestSMART, in its capacity as Responsible Entity, has applied for trading on ASX Trade under AQUA Rules for the InvestSMART Ethical Share Fund (Managed Fund) through the ASX code: INES. InvestSMART cannot guarantee that the ASX will proceed with the listing of this fund. If ASX approval is granted, InvestSMART, in its discretion, may choose not to proceed with the listing of INES during the initial offer. Before deciding to make an investment, please ensure that you read the Product Disclosure Statement to decide if this investment is suitable for your circumstances.

FAQs

Still deciding if InvestSMART is right for you? These frequently asked questions may help.
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InvestSMART is required to pay out any income plus franking in the financial year it is earned. The Fund is expected to pay two distributions each year – in February for the December half year and in July for June half year. We will advise franking details with each distribution and provide a tax statement at the conclusion of the Financial Year. InvestSMART expects that distributions of income will be 80-100% franked.

Yes. INES will come on to the market at $2.50. InvestSMART will cover all associated listing costs.

We expect the fund to trade at NAV (Net Asset Value), e.g. if the NAV of the fund is $2.60, we expect to see the bid price at $2.595 and the offer price at $2.605 on the ASX. As the issuer of the fund, InvestSMART will make sure that the ASX prices accurately reflect the NAV.  We will also publish on our website an “indicative” NAV throughout the trading day that will estimate the NAV every 15 seconds.

The distribution will be twice a year after the end of financial year and calendar year. The distribution is made up of all income received by the Fund. This includes dividends paid, interest earned on cash and realised capital gains.