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SYDNEY, 17 June 2020 State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the addition of its four ETF model portfolios to HUB24 Invest and HUB24 Super.
One target income and three risk-based ETF model portfolios – moderate, balanced and growth – are now available to investment professionals on one of the fastest growing platforms in the local wealth advisory market.
With more than $15 billion in funds under administration1, a growing number of financial advisers are choosing HUB24 to manage and administer their clients’ assets.
According to the latest SPDR ETFs / Investment Trends Managed Accounts Report, the trend towards using managed accounts has doubled in the last five years2.
State Street Global Advisors Head of SPDR ETF Asia Pacific Distribution Meaghan Victor said more financial advisers and brokers were recommending ETF model portfolios than ever before.
“The addition of the State Street ETF Model Portfolios to HUB24 reflects the shift from investment professional to wealth coach. Outsourcing some aspects of investment management frees up more time to focus on what matters most – the client,” Ms Victor said.
“Investment professionals are recommending these structures for a variety of reasons, including to save time in their practices, but also to meet client best interest obligations, and offer investors transparency via access to direct shares or ETFs.
“In times of volatility, investors may also be looking for solutions that are more transparent, with open architecture.
“Our ETF model portfolios offer opportunities for growth while maintaining the same level of risk as traditional allocations. With changing market conditions, it has never been more important to provide advisers and their clients with a broader choice of quality and low-cost investment options to meet their needs,” she said.
Managed accounts are professionally managed investments. They give investors access to diversified assets targeting a balance of return and risk.
The State Street ETF Model Portfolios are also available to investment professionals through Praemium and BT Panorama.
2 State Street Global Advisors SPDR ETFs / Investment Trends 2020 Managed Accounts Report, April 2020. Commissioned by Investment Trends, the survey was carried out between December 2019 and February 2020. The sample of 960 respondents includes RG146 competent accountants and dealer group managers who personally provide advice.
- For financial advisers / wholesale clients only – Not for distribution to retail clients-
The recipient warrants by receipt of this material that they are a wholesale client, as defined under the Australian Corporations Act 2001 (Cth). State Street Global Advisors, Australia Limited (AFSL Number 238 276, ABN 42 003 914 225) (“SSGA, AL”) is the investment manager for the State Street ETF Model Portfolios and State Street Global Advisors, Australia Services Limited (AFSL number 274900 ABN 16 108 671 441) is the Responsible Entity and issuer of units in the State Street SPDR ETFs which are Australian registered managed investment schemes quoted on the AQUA market of the ASX or listed on the ASX. State Street ETF Model Portfolios may include State Street SPDR ETFs and other third party ETFs. This material is general information only and does not take into account your or your client’s individual objectives, financial situation or needs and you should consider whether it is appropriate for you or your client. You should ensure that your clients consider the product disclosure document of the underlying ETFs, available at www.ssga.com or the third party ETFs website, before deciding whether to acquire or continue to hold units in an ETF.
General Risks ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. ETFs typically invest by sampling an index, holding a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index. Investing involves risk including the risk of loss of principal. Diversification does not ensure a profit or guarantee against loss. Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss. An investment in the model portfolio carries a number of standard investment risks; these risks are outlined in each Provider’s PDS which should be read in full and understood by the potential investors.
Implementation Risk State Street does not manage the accounts of retail investors pursuant to the model portfolio strategies and the strategies are only available to retail investors through various Providers that offer account management and other services to retail investors. The actual results of accounts managed by a Provider that receives access to the strategies may differ substantially from the hypothetical results of the State Street ETF Model Portfolios for a variety of reasons, including but not limited to:
i. the fees assessed by the Provider and other third parties;
ii. the Provider’s decision to exercise its discretion to implement a given strategy in a way that differs from the information provided by State Street;
iii. the timing of the Provider’s implementation of strategy updates; and
iv. investor imposed investment restrictions; and the timing and nature of investor initiated cash flow activity in the account.
“SPDR” is a trademark of Standard & Poor’s Financial Services LLC (“S&P”) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data. The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA, AL’s express written consent.