HUB24 launches direct international equities offering
HUB24 is expanding on its suite of international managed portfolios initially launched 12 months ago, with the addition of a new functionality for direct access to individual international equities.
HUB24 managing director, Andrew Alcock, said: "We are...opening up opportunities to access international equities directly or collectively via professionally managed international portfolios".
"This new capability...will offer advisers and their clients access to international shares, in a simple and seamless manner with all other assets."
Alcock said the decision to expand portfolio offerings had followed a recent HUB24 whitepaper on self-managed superannuation fund (SMSF) exposure to overseas assets, and would help advisers better serve SMSF clients by launching options for diversification.
"This issue of SMSFs' limited exposure to overseas assets...was contradictory to the fundamental principles of diversification," he said.
"HUB24 is helping advisers to service the needs of their current SMSF client base and opening up new client opportunities."
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