State Street Global Advisors has joined with OneVue to launch a suite of six exchange traded fund (ETF) model portfolios via OneVue's Unified Managed Account investment platform.
The move was announced by the two companies last week, with the joint announcement saying the suite would include five risk-based models, ranging from high growth to conservative, and a flexible asset allocation model that incorporates a cash-plus approach with a focus on capital preservation when volatility occurs.
Commenting on the move, SSgA Investment Solutions' group head for Asia Pacific, Mark Wills, said tactical asset allocation was increasingly gaining traction in Australia which, in turn, was fuelling retail investor appetite for model portfolios that employ tactical asset allocation.
OneVue's head of partner solutions, Brett Marsh, said having formed a strategic partnership with an ETF issuer as experienced as SSgA was particularly pleasing.
"SSgA created the first ETF globally, the first ETF domestically and currently holds the biggest share of the ETF market in Australia," he said.
"This partnership enables OneVue's client base to leverage SSgA's global and domestic expertise and capabilities in asset allocation, and gives clients access to model portfolios comprised of SPDR ETFs in addition to ETFs offered by other leading issuers."
Originally published on SMSF Essentials.
