BetaShares launches ETF model portfolio service
BetaShares has launched a bespoke asset allocation and exchange traded fund (ETF) model portfolio service on the back on adviser demand, aimed to serve the firm's financial adviser clients.
BetaShares said the service included strategic asset allocation (SAA) model portfolios, dynamic asset allocation (DAA) model portfolios, and managed risk and income model portfolios.
The managed risk and income portfolios were designed to enhance income and reduce volatility, BetaShares said.
Nevertheless, all portfolios had been developed for five different risk profiles, so advisers could choose from conservative, moderate, balanced, growth, and high growth.
Performance would be tracked and model allocations would be adjusted on a quarterly basis, as asset valuations and projected returned changed.
Participating advisers would receive quarterly reports, face-to-face support, digital assets and be invited to attend regular webinars.
BetaShares director of institutional business and national accounts, Vinnie Wadhera, said they developed the services after consulting with their existing adviser clients and seeing what they really wanted.
Managing director, Alex Vynokur, said several financial advisory groups had already taken up the new portfolio service.
Recommended for you
Milford is to launch three funds following consultation with financial advisers while closing two other strategies which hold a small volume of assets.
A founding member of fund manager IML is to depart the firm later this year after 27 years.
Magellan Financial Group reported outflows of $0.5 billion in February but saw a slight increase in its infrastructure division despite the exit of head Gerald Stack.
The global investment manager has unveiled two new diversified ETFs on the ASX targeting the next generation of Australian investors.
