Platform provider launches SMA solution
Platform provider, Powerwrap, has launched its new separately managed account (SMA) solution, which is expected help managers make timely investment decisions and capitalise in a more efficient way on market movements.
The new Powerwrap SMA would replace daily portfolio rebalancing with real-time, allowing managers to be more responsive to current market conditions.
The SMAs would also now be available to average investors, with the ability to invest at least $20,000 per model, against the previous years when they were traditionally reserved for high net worth individuals with access to minimum investments of $500,000.
According to Powerwrap, the additional asset classes would also allow for an exposure to direct international markets, an area of increasing interest to investors.
Chief executive of Powerwrap, Cormac Heffernan, said: "As SMAs have grown and liquidity has deteriorated, model managers need a greater level of control over the trading experience in order to maximise their performance, particularly in asset classes such as small caps and hybrids."
"The ability of Powerwrap's SMAs to transact in real-time allows model managers to expand their investment universe knowing that they can act quickly.
"Next-generation SMAs will remove the roadblocks associated with traditional SMAs, making these investment strategies even more powerful."
AUTHOR
Oksana Patron
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.
