POWERED BY MOMENTUM MEDIA
HUB24 increases opportunities for SMSFs
A white paper released by wealth management platform provider, HUB24, has proposed a fix for the self-managed superannuation funds (SMSFs) asset imbalance and traditionally limited allocation to international equities.
AllianceBernstein Investment Management Australia is set to be the next international managed portfolios (SMA) to be added to HUB24's platform, joining investment managers, Arnhem Investment Management and Southeastern Asset Management, which were added to the global portfolio offering last year.
HUB24's continued involvement in international assets comes after figures from the Australian Taxation Office (ATO) revealed that SMSFs have less than one per cent exposure to international equities.
HUB24 has now sought to eliminate the limited technology, cost, access and research opportunity hurdles for investors seeking to own international shares.
"The increased adoption of international managed portfolios is revolutionising the wealth management industry. International managed portfolios remove challenges which have previously impeded investors, providing a new route to overseas markets and sectors, and the opportunities they offer," he said.
Alcock is confident that HUB24's offerings will continue to bridge the gap between local investors and overseas markets that could increase the overall success of SMSFs.
"International managed portfolios with their direct stock access, professional management and easier underlying administration clearly align to the demands of SMSFs. As such, we believe they will be instrumental to significantly increasing SMSF exposure to international equities in the coming years," he said.
"Our new international managed portfolio offering can bridge that gap that is hampering local investors... from accessing global markets."
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
