MLC’s three new SMA products see $7million uptake 


Three separately managed accounts (SMAs) added to the MLC Wrap and Navigator platforms have had a combined intake of more than $7million since their launch in May.

The recent JBWere/Investment Trends SMA Report 2015 highlighted the increasing use of SMAs, with one in five financial advisers now using an SMA for a portion of their clients’ investments. The launch of the Antares Listed Property, JBWere Listed Fixed Income and Redpoint Industrials options have increased MLC’s SMA suite to 15 portfolios, ranging from investments in Australian equities, listed property and fixed income.

MLC General Manager Retail Wealth Platforms Kathy Vincent said, “MLC has a long association with SMAs in Australia. Since we launched our SMA offering in 2009, we’ve seen an exponential increase in investor demand and market growth for SMAs and have carefully chosen additional portfolios to meet this evolving need.”

“The early signs from our three new products support the view that advisers are increasingly turning to the SMA market. In a low yield environment it is important for advisers – and investors – to have a variety of income-focused investment options.

“We’re committed to providing financial advisers with innovative investment solutions that can form part of their clients’ overall investment, super or pension portfolios.”

MLC’s SMA offerings are fully integrated into the MLC Wrap and MLC Navigator platforms. This means advisers can easily manage their client’s SMA portfolios in the same way as managed funds and shares, further increasing efficiency for advisers and their clients.

New SMA model portfolios

Antares Listed Property – is an actively managed, concentrated portfolio of Australian property and property related securities. It aims to provide investors with diversification and long term capital growth and income aligned to the Australian property sector.

JBWere Listed Fixed Income – offers clients a well-researched, transparent and defensive listed fixed income portfolio. Its aim is to ensure capital preservation, low capital volatility and a stable and secure income. This SMA invests in ASX-listed securities including corporate bonds and government bonds, select hybrids and convertible notes.

Redpoint Industrials – is a relatively passive, low-cost and diversified industrials-only equity portfolio which aims to capture the key growth and income characteristics of larger industrial companies listed on the ASX.

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