BetaShares expands its SMA presence



BetaShares has broadened its separately managed accounts (SMA) presence with an addition of its Dynamic Asset Allocation ETF Model portfolios to the Netwealth investment platform.
The firm said that the addition of the models, available via SMAs, aimed to provide advisers with convenient access to its intelligent investment solutions.
BetaShares chief executive, Alex Vynokur, said: “We’ve seen the strong demand from advisers for model portfolios, and we’re delighted that our ETF models are now accessible on Netwealth’s award-winning platform.
“Advisers have increasing compliance and administration loads to manage, as well as meeting the ever-changing needs of clients.
“Implementing ETF model portfolios for some, or all, of their clients provides a cost-efficient, scaleable solution with high portfolio construction integrity, while saving significant time on investment and manager selection, and portfolio management.”
BetaShares also said it used an open architecture ‘best-of-breed’ ETF selection process and, as such, the model portfolios were not constructed by using only the firm’s funds, but with other ETF managers’ offerings included in the models which were based upon investment merit.
Netwealth’s joint managing director, Matt Heine, said: “It is no secret that the ETF market continues to grow exponentially. The addition of the BetaShares models, provided by one of Australia’s leading ETF manufacturers, further supports this objective.”
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.