Praemium SMA achieves benchmark
Amid continuing discussion about whether separately managed accounts (SMAs) may eventually supplant managed funds, Praemium has today announced that its proprietary SMA platform has achieved a benchmark of $100 million.
Announcing the benchmark, Praemium managing director Arthur Naoumidis said the company was pleased to be able to demonstrate that the SMA was achieving acceptance as an alternative to conventional managed funds.
“While it is early days yet, we believe that this shows that the Praemium/Blackrock SMA offering is the fastest growing available to Australian investors,” he said.
Praemium provides its SMA technology exclusively to Blackrock Investment Managers, which offers SMAs structured as a managed investment scheme to both its own clients and under white label arrangements.
AUTHOR
Mike Taylor
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