Praemium SMA adds global fund to offering
The Praemium separately managed account (SMA) has added the Franklin Concentrated Global Equity ex Australia portfolio to its list of offerings, expanding its list of available international models, as the rise of SMAs continues.
The model invested in around 20 global stocks, offering a concentrated yet diversified portfolio. It focused on growth companies with sustainable business models and proven management teams.
Franklin Templeton Australia managing director, Matthew Harrison, said that the addition of the fund to the Praemium platform would afford investors greater choice.
“Investor demand for high performing, global and mid‐cap equity funds continues to grow. We’re excited to have the Franklin Global Equity portfolio, a high‐conviction strategy added to the Praemium platform, offering investors the opportunity to tap into some of the world’s most progressive companies.”
Praemium welcomed the benefits of global investing that the addition of the Franklin fund would bring its clients.
“We are delighted to be partnering with a leading global manager such as Franklin Templeton to offer our clients access to expert portfolio management in global investments,” Praemium head of product and marketing, Mar Walker, said.
“The Praemium SMA helps to meet the growing demand for a globally diversified portfolio with the benefits of direct international share ownership, tax efficiencies and transparency, all at an affordable cost.”
This announcement came as the trend towards SMAs looked set to continue within the funds management industry. Money Management is currently investigating what’s behind the rise of SMAs and who the true winners are. Advisers who complete our survey will be in the running to win a bottle of Penfolds Grange Hermitage.
AUTHOR
Hannah Wootton
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
