Macquarie diversifies platform
Macquarie has added international listed securities and domestic fixed income investment classes to its platform, Macquarie Wrap, following adviser demand for diversification options.
"The Macquarie Wrap platform now has the flexibility to support domestic fixed income securities issued by the Commonwealth Government, state governments and corporations, giving investors the potential for a steady and reliable return," Justin Delaney, Head of Wealth Product for Macquarie's Banking and Financial Services Group, said.
"International listed securities allow advisers to trade fully paid ordinary shares and common stocks on behalf of their clients across 14 exchange platforms and their corresponding primary indices across 10 countries," he added.
The latest enhancement follows efforts by Macquarie to improve the managed account functionality late last year.
AUTHOR
Staff Writer
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
