POWERED BY MOMENTUM MEDIA
Praemium announces retail super offering
Wealth management firm Praemium has announced the launch of a retail superannuation offering, which is expected to hit the market in February.
Chief executive officer Michael Ohanessian said Praemium SuperSMA [separately managed account] will offer the same advantages of the company's SMA platform, such as control, transparency, cost effectiveness and direct share capability — within a retail superannuation environment.
The announcement came in Premium's quarterly update released on the Australian Securities Exchange (ASX), in which the platform provider also reported a 70 per cent boost in funds on its SMA platform to $1.2 billion over the last 12 months.
The update was the first one since Praemium acquired the business and took on the role of responsible entity from BlackRock 12 months ago.
"We are delighted with the growth of our Australian SMA platform during our first year as responsible entity," Ohanessian said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
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(%)
