Fund Set Up

3.4.6 Fund Setup: Investments – Managed Funds

Managed funds are a popular investment vehicle in which you control where you want to invest and how much money you invest, but the underlying equities are chosen and managed by a professional to whom you entrust your money. A managed fund has a benefit because a small investment can give you large exposure to various different types of equities, without having to spend the time looking for what suits your situation and what is the best stock on the market.

To set up your Managed Fund Investments in Mclowd and enter opening balances of holdings, go to INVESTMENTS on the Fund Setup menu.

Mclowd will display this screen:

Fund Setup|Investments|Add Opening Balances


Mclowd displays:

Fund Setup|Investments|Add New Opening Balance

Select the Account.

Assets|Add New|Select Account
In the Asset Class drop down, select Managed Fund.  Leave the Asset Category set at Domestic, or change to Foreign for foreign investments.

Mclowd now displays:

Fund Setup|Investments|Managed Funds

In the Holding drop down, select

  • Create a New Holding|New Holding and New Parcel (if you are adding both a holding and units)
  • Create a New Holding|New Holding Only (to enter just a stock code with no units)

Either enter the Investment Code for this Managed Fund, or the Fund Name. If you choose to enter the Fund Name, as you begin to type Mclowd will provide a drop-down selection list. Select the correct Fund. The full Asset Name  and Investment Code will appear in the Asset Name field.

NOTE:  If you have made multiple purchases of Units in the same Managed Fund at different times over the period prior to beginning to use Mclowd, you should enter each purchase separately, specifying the date of that purchase, number of units and cost.

Once you have entered the first purchase of units, the Code and Fund Name will appear in the Holding drop-down. Select that holding to enter a subsequent purchase of additional units.

Enter your Holder Number.

In the Managed Funds section, enter the date you purchased units in this fund and the total cost of units (*this is the total amount invested, not the unit price). In the Volume field, enter the number of units purchased.

Click SAVE ASSET or SAVE & ADD ANOTHER if you have more Investments to add.

Click SAVE ASSET to go back to INVESTMENTS on the FUND SETUP menu and view a list of your Fund’s assets.

about the author:

Lorraine Cobcroft

With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.

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