CommSec clients to grab their share of global stockmarkets

12 August 2001

Australia’s first internally geared global share fund - the Colonial First State Geared Global Share Fund will be available tomorrow for the first time from CommSec, (Australia’s leading online broker and provider of managed funds).

For a special Initial Offer Period of strictly three weeks, CommSec is offering units in the Geared Global Share Fund at the fixed price of $1.00 and waiving the usual 4% entry fee. This initial offer is only available through CommSec and only until 3pm on Friday 31 August.

"The Geared Global Share Fund is an ideal opportunity for CommSec clients to grab their share of the other 98% of global stockmarkets" says CommSec Director Paul Rickard. "The Fund removes the impediments and many of the risks involved in investing internationally. The Fund allows investors to diversify into global shares by accessing the highly ranked Colonial First State Investment team’s management expertise and knowledge of overseas markets and stocks.

"The $1,000 minimum investment and internal gearing structure, which means investors will not be subject to margin calls, should also be attractive to CommSec clients and they should consider the fund as part of their overall investment portfolio.

"Access to the Geared Global Share Fund prospectus and application form through CommSec is quick and easy. If clients are interested in the Colonial First State Geared Global Share Fund, they can obtain the prospectus with application form immediately from," Mr Rickard said.

After the Initial Offer Period closes on 31 August, the market will determine the price of units in the Fund and the 4% entry fee rebate will no longer apply.