Antares ex-20 added to MLC’s SMA suite
MLC has added an ex-20 Australian equities separately managed account (SMA) to its MLC Wrap and MLC Navigator platforms, as it has the capacity to outperform, according to MLC.
The Antares ex-20 was an actively managed, highly concentrated portfolio of Australian equities that excluded the largest 20 companies, as that offered greater diversification and outperformance potential, the firm said.
NAB Asset Management general manager of product and investment communications, Lisa Boyce, said Antares equities had been a leading fund manager in the SMA space for the past seven years and had $900 million in funds under management.
"The Antares ex-20 Australian equities strategy is the next evolution of Antares' capabilities and we are extremely pleased to offer it to investors [through MLC's platforms]," she said.
It would suit investors who were looking to complement a top 20 focused portfolio or wanted a standalone diversified portfolio.
MLC general manager, retail super and investment platforms, Kathy Vincent, said SMAs were a great solution for clients as they could access direct equity portfolios, had beneficial ownership of the underlying shares, but had less administration and compliance obligations.
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