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Mason Stevens launches SMA

Investment management firm Mason Stevens has launched a global equity self-managed account (SMA) in partnership with global equity manager Peters MacGregor.

The new SMA will provide selected IFAs and their clients access to a portfolio comprising "some of the world's great companies" with an initial minimum investment of $50,000, according to statement by Peters MacGregor.

Mason Stevens' chief executive Thomas Bignill said, "we have always believed that advisers wishing to create multi-asset portfolios with direct ownership and full transparency had to offer global equity mandates alongside other asset classes".

"We are seeing very strong demand from our advisers for global equities generally, and having the Peters MacGregor's SMA is a major plus for those investors who are seeking to diversify their Australian equity holdings," he said.

Peters MacGregor head of distribution Alex Haynes added that "this was a real benefit for investors now being able to access this leading strategy with an initial minimum investment of $50,000 whilst allowing direct stock ownership and full portfolio transparency".