State Street Global Advisors (SSGA) has inked a deal with platform provider Praemium to offer a suite of SSGA exchange-traded fund (ETF) model portfolios via separately managed accounts.
Praemium said its managed accounts platform would be the first to offer the new suite of SSGA ETF model portfolios, which will be available as risk-based or objective-based portfolios.
The risk-based model portfolio will offer moderate, balanced and growth options aimed at pursuing optimal capital efficiency over the long term by investing in multiple ETFs.
The objective-based ETF model portfolio will focus on multi-asset-class allocation to diversify across income sources, which will provide investors with an income-based solution.
The ETF model portfolios available on Praemium have been established with an open-architecture investment structure, which offers an ETF portfolio from a range of sectors, asset classes and product issuers.
SPDR ETFs head for Australia and Singapore Meaghan Victor said: “Our partnership with Praemium opens up our ability to bring institutional quality and professional funds management to more investors. The combination of ETFs and no investment manager fees on our model portfolios means that we can provide cost-conscious solutions.”
Praemium head of product and marketing Mat Walker said: “With no investment manager fee on their separately managed accounts models, the State Street portfolios not only provide a breadth of choice for our advisers, but offer a cost-efficient solution that is becoming increasingly important in the current environment for both advisers and their clients.”
