Mason Stevens, Franklin Templeton launch SMA
Mason Stevens has announced the launch of the Franklin Concentrated Global Equity Ex-Australia Model Portfolio, a separately managed account (SMA), to its investment and administration service.
The Franklin Templeton Investments Australia international equities model portfolio is a long-only high-conviction portfolio of global companies, Mason Stevens said.
The mandate has the ability to invest in companies across the market capitalisation spectrum and is based on fundamental bottom-up stock analysis to identify and select quality growth companies.
It seeks to outperform the MSCI World ex-Australia index with a concentrated portfolio, of typically 15-25 stocks, and is designed to suit investors looking for global diversification and who are prepared to accept higher volatility in return for higher growth potential.
Mason Stevens managing director Thomas Bignill said he has seen solid demand for the portfolio from advisers who are seeking a high-growth and global concentrated portfolio.
He said Franklin Templeton’s strong track record of delivering on its investment philosophy, coupled with its commitment to clients, made the SMA a powerful addition to an adviser’s model portfolio offering.
“With an SMA structure, a client’s investments are not pooled with that of other investors (as they would be in a managed fund), so the actions of other investors do not affect all investors, and this has optimal tax benefits. Investors are the beneficial owners of the global companies, which is a very powerful proposition,” Bignill said.
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