Russell Investments launches managed accounts
Russell Investments has launched a suite of multi-asset managed accounts as a response to investor growing demand in a response to clients’ growing appetite for more ‘active’ managed accounts.
The new managed portfolio would incorporate three key elements such as direct Australian shares, multi-asset strategies and exchange traded funds (ETFs).
“Our research shows Australian advisers continue to be faced with a limited choice between two key structures, a highly active managed account at a premium price point or a passive managed account at a low price point,” Russell Investments Australia’s managing director, Jodie Hampshire, said.
“This next-generation multi-asset, managed account fills a key gap for Australian advisers providing a dynamic core at a cost-effective price.”
According to the company, the Australian managed account marketplace is approaching $65 billion in funds under management (FUM) and is driven mostly by rising interest from clients for more transparency, direct ownership of the share portfolio and the ability to manage investors’ specific tax circumstances.
“Dynamism is important in today’s investment environment. However, it isn’t about tactically adjusting on a regular basis but instead it’s about having a rigorous process in place to identify risks and opportunities, coupled with the capabilities to respond rapidly to new information and act on it in a timely fashion,” Hampshire said.
AUTHOR
Oksana Patron
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
