OneVue launches global capability for SMA service
OneVue has launched an international equities capability for its separately managed accounts (SMA) service on its Luminous platform.
Advisers and investors can now access SMAs that invest directly in companies listed across eight securities exchanges, including Europe, the US, Asia and New Zealand.
OneVue head of platform services Lisa McCallum said the service has had significant demand from its advisers, who say investors are looking for direct international exposure which offers them transparency.
"We didn't want to just launch an international share capability. We wanted to offer professionally managed portfolios that genuinely give Australian investors easy access to investing in globally-listed companies," she said in a statement.
"[Investors] want to see clearly which investments they hold, which is what an SMA delivers."
Ms McCallum said that adding the international managed portfolio capability further enhances their ability to blend managed portfolio packages.
This provides advisers with choices across various sector models combining ASX-listed securities, exchange-traded funds (ETFs), managed funds and international listed securities.
Investment managers Watershed Funds Management and Fat Prophets have signed up for the service, with both saying it is an exciting opportunity for them and their clients.
Watershed chief investment officer Adrian Rowley said the launch is exciting for them as it allows them to manage all asset classes in a scalable, efficient manner using OneVue's blended model capability.
Fat Prophets founder Angus Geddes said it has now made its four international equity portfolios available in partnership with OneVue.
OneVue is looking to extend its international offering in the next few months to include direct international investing options to investors.
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