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Xpress Super adds Macquarie SMA
Recently-launched Xpress Super has added Macquarie's Separately Managed Account (SMA) product Macquarie Personal Portfolio to its platform.
The addition of the Macquarie product was confirmed by Xpress Super chief executive Olivia Long, who said her company had chosen Macquarie's Personal Portfolio because it provided self-managed super funds (SMSFs) with both direct ownership of shares and professional investment management.
"We chose Macquarie for its strong track record managing SMAs and for the depth of its research and investment process," she said. "It is our intention to continue to add products to the Xpress platform that SMSF trustees would want to incorporate into their super fund.
"We see a logical place for SMAs in SMSFs. There is an increasing trend toward direct equities within SMSFs and through Xpress Super, trustees can now utilise investment managers to professionally manage all or a portion of their direct equity portfolios," Long said.
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