Vanguard has announced that its diversified portfolio strategies are now available through Macquarie’s SMAs on the Macquarie Wrap platform.
In making the announcement, Vanguard Head of Distribution, Matthew Lumsden said the availability of Vanguard’s diversified strategies through managed accounts extends the options for advisers and investors seeking access to Vanguard’s professional asset allocation, and are being targeted at the growing base of Australian advisers using managed accounts.
Vanguard’s ETFs will predominantly be used to implement the asset allocation for the strategies, which include conservative, balanced, growth and high growth. Each has varying exposures to domestic equities, international equities and fixed income, to suit a range of goals, risk tolerances and time horizons.
“We are delighted to launch our first suite of managed account strategies, which we hope will appeal to the increasing number of advisers adopting managed accounts to assist in their service delivery to clients due to the business efficiencies they can offer,” Lumsden said.
“Depending on their preference and investment needs, advisers and investors now have greater choice in how they access Vanguard’s ‘best thinking’ on asset allocation represented in our diversified portfolios, whether that’s through our low cost managed funds, ETFs or through managed accounts.
“Over time, we aim to grow the range of Vanguard strategies offered through managed accounts, to further expand the choices available to our advisers and investors.”
According to Lumsden, Vanguard’s Diversified Managed Account Strategies provide transparent, low cost solutions for investors. Each portfolio provides investors with an extensive and global exposure to some 6,500 individual companies and more than 5,000 fixed income securities.
He said Vanguard’s Investment Strategy Group - a global team of researchers, economists and analysts - sets the asset allocation for Vanguard’s diversified strategies, as part of a robust framework used by Vanguard globally.