Managed accounts provider Praemium has enhanced its SMA offering in Australia with the addition of international securities.

According to Praemium chief executive officer, Michael Ohanessian, with increasing demand for globally diversified portfolios, the addition of international model portfolios to the Praemium SMA will provide greater choice for advisers and their clients, providing them direct access to quality global investment opportunities in a cost-effective manner.

Several model managers, including Arnhem, Joseph Palmer & Sons and Watershed have been approved to run international models in the SMA scheme. The new models provide access to 26 developed international markets on the MSCI World Index.

“We are very excited to have added an international capability to the Praemium SMA,” Ohanessian says. “With established expertise in corporate actions and reporting for international securities, it’s a natural evolution of our proposition and further strengthens our position as a leading managed accounts provider.

“The international portfolios offer access to high-calibre global investment managers, professionally managed portfolios with direct international share ownership, and the tax efficiencies and cost savings that managed accounts offer.

“This provides advisers with the ultimate choice in diversified portfolios backed by first-class reporting and performance analysis.”