SSgA expands retail presence with OneVue partnership
OneVue and State Street Global Advisors (SSgA) have entered into a strategic partnership that will see SSgA launch six exchange traded fund (ETF) model portfolios through OneVue's Unified Managed Account.
In SSgA's effort to tap into retail clients' growing interest in tactical asset allocation, the suite of model portfolios will comprise five risk-based models, ranging from high growth to conservative, and a flexible asset allocation model.
The ETFs offer exposure to cash, domestic fixed income, domestic equities, international equities and alternatives, with SSgA advising on the models including regularly reviewing the strategic allocation of the portfolios.
OneVue head of partner solutions Brett Marsh said the partnership would allow its client base to leverage SSgA's global and domestic expertise and capabilities in a cost-effective way using ETFs.
He added that he expects these models to become available on OneVue's wealth management portal for organisations that target self-directed investors.
"ETFs provide an entry point to sectors that are more difficult to access in the Australian marketplace, for instance international markets, and they offer greater transparency as it's possible to know precisely which securities the ETF holds daily," Marsh said.
Earlier this week, SSgA went live with its Retirement Life Solutions product on the netwealth Investments platform. According to the asset manager, the netwealth launch was the first step in making its retirement strategies available to financial advisers and direct investors via a range of investment platforms.
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