HUB24 uses tech to adjust portfolios
HUB24 has launched a new portfolio management tool, Progressive Portfolio Implementation (PPI), that allows users of the platform to adjust their managed portfolios online in response to changing market conditions.
PPI, which is now live, would allow different target weightings to be set for new inflows, and provide portfolio managers with the flexibility to allocate the new client money differently, substituting into alternative securities in line with the investment objective.
Clients are also set to benefit as they may not have to pay as many transaction fees and their portfolio performance could potentially improve.
Managing director of HUB24, Andrew Alcock, said this was just another example of how technology is transforming the industry by leveraging investment management expertise to create better outcomes for advisers and their clients.
Director of strategic development at HUB24, Jason Entwistle, said managers receiving new inflows from investors would no longer have to buy all the holdings to match the existing weightings of their portfolios and sell recently-purchased assets shortly after to adjust to those new weightings.
“PPI may help enhance performance as portfolio managers don’t have to purchase securities at peak valuation for new funds and can also deliver tax efficiencies for investors by not having to sell securities before their time,” he said.
AUTHOR
Anastasia Santoreneos
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
