Commentator starts two SMAs
Stockbroker and market commentator, Marcus Padley, has introduced two active management investment strategies for retail investors and advisers that will operate as separately managed accounts (SMA).
Padley said: "All investors need to be asking where their next returns are coming from. The answer is not from the over-saturation of index tracking or from fixed income or cash".
Investors could now access his aggressive Australian equities strategy (with medium to long-term growth with some income), from the Marcus Today SMA, while investors could also access his Australian equities strategy for regular, tax effective income and capital growth (over the medium to long-term) via the MT Equity Income SMA.
Investors needed to be careful not to over-allocate toward passive strategies which could gradually erode their capital, he said. Active management was key, particularly amid the low interest rate and low growth environment.
The Marcus Today SMA would be concentrated, and hold up to 20 stocks at a time, while it had the ability to hold 100 per cent cash, he said.
"But conservative investors, including retirees still need performance, and stand to benefit from an allocation to growth."
The SMA would focus on dividend income and held up to 40 stocks. Both SMAs had a minimum investment of $20,000 and were self-managed superannuation fund (SMSF)-investor friendly, he said.
Recommended for you
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.
One of Metrics’ four managing partners is to step back from the business next year, having worked at the firm since its inception in 2011.
VanEck’s Bitcoin ETF has amassed $290 million in assets in its first year, but the ETF provider has said financial advisers remain skeptical of the asset.
State Street has rebranded its State Street Global Advisors arm, which has US$4.6 trillion in assets under management, following a series of deals with financial services firms in recent months.
