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Personal · Accounts · Flexible Accounts · Getting started with a Flexible Account

Is my money safe in a Flexible Account?

Your money will be invested in a Money Market Fund (LVNAV), which is a type of low-volatility fund that banks and other large corporations commonly use to preserve the value of their funds against inflation. However, your capital may be at risk in the unlikely event of the NAV (Net Asset Value) of the fund reducing, and the Annual Percentage Yield (APY) turning negative. It's recommended to refer to the our terms of business and the fund prospectus to develop a detailed understanding of the risks involved.

Investors in a Flexible Account should be aware that:

  • A Money Market Fund is not a guaranteed investment
  • An investment in a Money Market Fund is different from deposits. This is because of the risk that the principal invested in a money market fund may lose part or all its value
  • A Money Market Fund does not rely on external support for guaranteeing liquidity or stabilising the Net Asset Value per Share
  • The risk of loss of the principal is borne by the investor