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Separately managed accounts, or SMAs, are a way of investing directly in equities while maintaining the benefits of professional investment management. Like a managed fund, an SMA is a portfolio of equities (or other assets) that is managed by a professional investment manager. The key difference however is that an SMA is not a pooled trust in which an investor acquires units. Instead, with an SMA, the client has an absolute entitlement to, and beneficial ownership of, a portfolio of assets that are held in trust on their behalf. The assets held in a client’s portfolio are determined by the model portfolio(s) that they choose.

Model Portfolio details

Model portfolio Benchmark Summary Portfolio profile*
Dividend Builder SMA Model Portfolio S&P/ASX 200 Industrials Accumulation Index A diversified portfolio of Australian equities focused on generating tax-effective income and moderate capital growth.
Core Opportunities SMA Model Portfolio S&P/ASX 200 Accumulation Index A concentrated high conviction portfolio of Australian equities positioned for capital growth over the long term
Listed Property SMA Model Portfolio S&P/ASX 200 A-REIT Accumulation Index A portfolio of listed property securities offering diversification benefits and moderate long-term capital growth and income.
Ex-20 Australian Equities SMA Model Portfolio S&P/ASX 200 Accumulation Index excluding the S&P/ASX 20 Accumulation Index A highly concentrated portfolio of Australian equities outside of the largest 20 companies by market capitalisation with the potential for significant long-term capital growth.

Risks of investing in an SMA

All investments carry risk. Different investment strategies carry different levels of risk depending on the underlying mix of assets that make up the strategy. Usually assets with the potential for the highest long term returns carry the highest levels of short term risk. 

While Antares’ disciplined, risk-controlled investment approach aims to generate investment returns over the long term, it is important for you to carefully consider the risks of investing in the SMA and to understand that:

  • the value of your Portfolio will vary
  • investment returns will vary and future returns may differ from past returns
  • returns are not guaranteed and you may lose some of the money you invest
  • dividends and other income may be lower than expected or you may receive none
  • laws of overseas jurisdictions can impact returns on international investments
  • laws affecting the SMA may change in the future.

If you have a financial adviser, they can assist in assessing investment risks as well as selecting the appropriate Model Portfolio(s).

 

*The information provided in the model portfolio profile documents relates to the model portfolios that were available on the Antares Direct Separately Managed Accounts (DSMA) and is provided for informational purposes only. The DSMA is currently closed to new applications (including any regular savings plan amounts) and switches and will terminate on 17 June 2019.