Monthly Archives: March 2017
How to unleash the power of Separately Managed Accounts
Separately Managed Accounts (SMAs) - typically offered through a ‘Managed Investment Scheme’ – are an evolution of unit trust managed funds and ’fund of funds’ that enable retail investors to own the underlying assets or stocks in a portfolio. Amongst many other benefits and features, SMAs greatly increase transparency and tax efficiency for the investor. SMAs have been in Australia for some time, since about the late 1990s. While everybody thought they would grow
Written on March 28, 2017 at 1:32 am, by Ray