Ownership in a single Australian listed company.
Direct ownership of company stock.
Individual Australian companies.
None (unless using margin loans).
Yes
$500
Feature
Underlying Assets
Leverage
CHESS-Sponsored
Min. Initial Investment
A fund traded on the exchange tracking an index, sector, or asset basket.
Units in a fund; no direct ownership of underlying assets.
Varied by fund strategy (e.g., ASX 200, S&P 500, Nasdaq 100, high-dividend stocks, gold, Bitcoin).
Generally none (unless using margin loans or geared ETFs).
Yes
No minimum
Derivatives traded on the exchanges granting the right to buy/sell an underlying asset at a set price.
Contract with the issuer; no direct ownership of underlying assets.
Varied by warrant product (e.g., ASX 200, single stocks, S&P 500 futures, gold futures, silver futures).
Inherent leverage; amplifies gains/losses.
Yes
No minimum
Ownership
Shares
Instruments
ETFs
Warrants