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.
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
