Antares reaches $1 billion in FUM
Australian boutique equities manager, Antares Equities has reached $1 billion in separately managed accounts (SMAs).
The company said it first launched SMAs in 2009 and in the last few years it had seen a significant increase in popularity, with almost one third of investors’ money coming in in the last 12 months.
According to Antares, SMAs offered a range of benefits for both advisers and investors. Investor benefits included having an individual share portfolio, designed by a professional investment manager with good visibility, while advisers could benefit from investment solutions for clients that would help them reduce back office work.
Antares Equities’ general manager, Brendan Donohoe, said: “This is a huge milestone for the Antares business".
“Antares has been a pioneer in the SMA space in Australia and we’re extremely pleased to see the fantastic growth of this hugely beneficial investment structure.
“There is strong investor appetite for SMAs, and we will continue to build up our presence and product suite to ensure our strong market position.”
AUTHOR
Oksana Patron
Recommended for you
Ausbil is to expand its active ETF range with two ASX-listed launches, one focusing on global small caps and one on listed infrastructure.
Up to 20 per cent of wealth and asset managers globally are set to be acquired in the next five years, according to Morgan Stanley, with focus expected to move to ‘inter-sector’ deals between industries.
Fidelity International has appointed Thomas Taw to the newly created role of head of ETF distribution for APAC, joining from a decade at BlackRock.
GQG Partners’ year-to-date flows are 80 per cent lower than the same period a year ago as underperformance prompts three consecutive months of outflows.
