In the unlikely event of InvestSMART going under, ASIC will appoint a new Responsible Entity for the Fund. In most cases the Responsible Entity will close down the Fund and return cash to the shareholders. In the case where the Fund is not closed down and cash returned a new Manager will be appointed by the Responsible Entity. Investors will have the choice to remove their investment or continue on with the Fund.
For shareholders protection the Fund is held by a third party Custodian. The Custodian for INIF is NAB via the Funds administrator, Mainstream Fund Services. The Fund does not sit within InvestSMART and InvestSMART’s business operations have no bearing on the Fund.