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
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
