The Praemium separately managed account (SMA) has added the Franklin Concentrated Global Equity ex Australia portfolio to its list of offerings, expanding its list of available international models, as the rise of SMAs continues.
The model invested in around 20 global stocks, offering a concentrated yet diversified portfolio. It focused on growth companies with sustainable business models and proven management teams.
Franklin Templeton Australia managing director, Matthew Harrison, said that the addition of the fund to the Praemium platform would afford investors greater choice.
“Investor demand for high performing, global and mid‐cap equity funds continues to grow. We’re excited to have the Franklin Global Equity portfolio, a high‐conviction strategy added to the Praemium platform, offering investors the opportunity to tap into some of the world’s most progressive companies.”
Praemium welcomed the benefits of global investing that the addition of the Franklin fund would bring its clients.
“We are delighted to be partnering with a leading global manager such as Franklin Templeton to offer our clients access to expert portfolio management in global investments,” Praemium head of product and marketing, Mar Walker, said.
“The Praemium SMA helps to meet the growing demand for a globally diversified portfolio with the benefits of direct international share ownership, tax efficiencies and transparency, all at an affordable cost.”
This announcement came as the trend towards SMAs looked set to continue within the funds management industry. Money Management is currently investigating what’s behind the rise of SMAs and who the true winners are. Advisers who complete our survey will be in the running to win a bottle of Penfolds Grange Hermitage.