News and Announcements
DomaCom Appoints New Trustee
- Published December 05, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Melbourne Securities Corporation has been approved as a new trustee of DomaCom.
- This appointment will cater for the need to introduce leverage within DomaCom’s product suite.
Following the approval of the appointment of Melbourne Securities Corporation as a new trustee of Domacom, the company (DomaCom) is likely to benefit from the top-notch debt and equity capital structures as well as FinTech platforms. This appointment will cater for the need to introduce leverage all through DomaCom’s product suite.
According to Matthew Fletcher, Melbourne Securities Corporation CEO, “MSC is pleased to receive the endorsement from DomaCom Fund unitholders and is looking forward to working with DomaCom and its stakeholders. Complementing our trustee services to the traditional fund market, we believe in supporting innovative products such as DomaCom Fund which utilises exciting new technology to provide new and alternative investment options.”
It has been suggested that the appointing of the new Trustee is the last step in launching a new variety of products that were held back due to the ability to introduce gearing. “It opens up a significant pool of investors to us, by enabling them to incorporate debt when investing in property.”
About DomaCom Ltd (ASX: DCL)
DomaCom is the first and only ASX listed Fractional Investment Fund in the country, created to provide a better and easier means of investing in a variety of thematic property investments. DomaCom has deployed a model which allows investors to pool together to acquire property assets of their choice in a way that facilitates diversification thereby minimising risk.
DomaCom has recently begun direct retail crowdfunding and completed what is believed to be the world’s first crowdfunded rural property. Other thematic investments have recently opened in the affordable housing and energy sectors. The Fund also introduced Property Strategy Models across residential and rural properties and has just received approval to extend its AFSL to include other investment categories such as lending and corporate bonds.