The portfolios will comprise five risk-based models ranging from high growth to conservative and a flexible asset allocation model through OneVue’s Unified Managed Account investment platform.
“Tactical asset allocation is increasingly gaining traction in Australia, which in turn is fuelling retail investor appetite for model portfolios that employ tactical asset allocation,” SSgA head of investment solutions group for Asia Pacific ex Japan Mark Wills said.
The new portfolios offer exposure to cash, domestic fixed income, domestic equities, international equities and alternatives, and SSgA said they will advise and review the asset allocation for each of the models.
OneVue head of partner solutions Brett Marsh said the arrangement will allow OneVue to leverage off SSgA’s experience in the ETF market.
“In the near future, these models will become available on OneVue’s wealth management portal for organisations that cater to the self-directed market, and will be an easy way for investors to diversify their portfolio in a flexible, tax-effective and low-cost manner,” Mr Marsh said.
“SSgA created the first ETF globally, the first ETF domestically and currently holds the biggest share of the ETF market in Australia.
“This partnership enables oneVue’s client base to leverage SSgA’s global and domestic expertise and capabilities in asset allocation and give clients access to model portfolio comprised of SPDR ETFs in addition to the ETFs offered by other lead issuers.”
