Nikko AM launches ‘disruptive innovation’ SMA
Nikko Asset Management has partnered with Morgan Stanley Wealth Management to deliver a separately managed account providing access to “disruptive innovation” stocks.
A statement from Nikko AM described the new product as the “first of its kind in Australia” and will be launched at a series of Morgan Stanley events across Australia this week.
Ark Invest chief investment officer Catherine Wood said it was important that investors and advisers have exposure to innovative companies with strong long-term growth prospects.
“Today, technology is disrupting our world at an accelerated rate,” Ms Wood said. “Disruptive innovation impacts and concerns all of our lives and changes the way the world works, from communication and transportation, through to education and healthcare.”