Benefits and considerations

Understand ASX admission requirements and potential benefits of working with us.

Benefits

The ASX brand is recognised by many investors. This can help to differentiate investment products available through ASX from those made available through other distribution channels.

The unusual look opens from height of bird's flight

GROW YOUR FUNDS UNDER MANAGEMENT (FUM)

Increase demand for your products through expanded distribution networks, access to new customers and better visibility of investors.

ACCESS RETAIL INVESTORS AND SMSF TRUSTEES

Connect with engaged investors directly through stockbrokers and advisers that form part of Australia’s large retail investor group. Investors have a holistic view of all their investments held through ASX using a single CHESS HIN.

GREATER ADMINISTRATION EFFICIENCY

ASX settlement services offer efficiencies in back office and client administration functions, allowing you to focus on core business functions.

Considerations

It is important to understand that admission on ASX involves considerable time and effort, and requires issuers to comply with relevant ASX rules.

ASX Rules

The Listing Rules are disclosure-based rules which govern the admission of entities admitted to the Official List of ASX including REITs, Infrastructure Funds and Listed Investment Companies and Listed Investment Trusts.

The AQUA Rules (formally, Schedule 10A of the ASX Operating Rules) are designed specifically for ‘open-ended’ investment schemes including ETFs and Structured Products, to offer greater flexibility for issuers.

Structure and tax considerations

The chosen structure may have different impacts to the dividends or distributions received by the investor and the investor’s associated tax obligations.

Valuation

Generally, Listed Investment Entities (LICs & LITs) must report their net tangible asset backing (NTA) to ASX monthly and Exchange Traded Products (ETPs) must report their net asset value (NAV) daily.

Disclosure and reporting requirements

ASX has certain requirements of issuers to disclose the full portfolio holdings of their funds and where applicable, an estimated indicative net asset value (iNAV) for their funds.

Liquidity

Issuers have an obligation to provide adequate liquidity for certain investment products which may be achieved through a market maker.

Fees and costs

There are additional time and cost considerations in connection with an ASX listing, including in relation to admission, engaging third party service providers, launching an IPO and any additional capital raises.

Case studies

Platinum offer similar strategies across various product vehicles on ASX, enabling the manager to access a wide variety of investors across Australia.

ASX Code	PMC	PLM01	PAI	PIXX & PAXX
Name	Platinum Capital Ltd	Platinum Global Fund	Platinum Asia Investments Ltd	Platinum International Fund Platinum Asia Fund
Admitted	1994	2014	2015	2017