Fidelity's first actively managed model portfolio

Fidelity's first actively managed model portfolio

Fidelity International (Fidelity) is pleased to announce the launch of its first Separately Managed Account (SMA).

The mandate, an actively-managed Australian equity model managed by Kate Howitt, is in partnership with Praemium, one of Australia’s largest providers of SMAs. Fidelity has been working with Praemium and a mutual long-term client for some time to bring the right SMA solution to the Australian market.

Praemium’s Head of Investment Managers & Governance Damian Cilmi, “Praemium is committed to providing our clients with access to high-quality managers and investment options. As one of the largest, most experienced global asset managers Fidelity International recognises the importance of offering managed account solutions to meet the diversified and growing needs of investors and we are delighted to be their platform of choice for their first SMA.”

Simon Glazier, Head of Wholesale Sales commented, “The SMA structure makes sense for the right client because investors own the shares they’re invested in which can offer tax benefits but don’t have administrative burden of investing directly in the stock market. At the same time, they’re benefiting from the expertise and research resources of a professional manager.”

The launch is Fidelity’s first foray into the Australian SMA market and opens up a new channel for investors to access Fidelity’s extensive global research capability. “Fidelity is uniquely positioned to offer a broad set of services across asset management thanks to the breadth of our business and global footprint​” commented Managing Director, Alva Devoy “By offering these new capabilities, we can develop stronger, deeper relationships with our clients.”

 

 

This document is issued by Fidelity Responsible Entity (Australia) Limited ABN 33 148 059 009, AFSL No. 409340 (“Fidelity Australia”). Fidelity Australia is a member of the FIL Limited group of companies commonly known as Fidelity International.

Prior to making an investment decision, retail investors should seek advice from their financial adviser. This is for information purposes only. Investors should obtain and consider the Product Disclosure Statements ("PDS") for before making any decision about whether to acquire any Fidelity Australia product. The PDS is available on www.fidelity.com.au or can be obtained by contacting Fidelity Australia on 1800 119 270. This document has been prepared without taking into account your objectives, financial situation or needs. You should consider such matters before acting on the information contained in this document. The issuer of Fidelity's funds is FIL Responsible Entity (Australia) Limited ABN 33 148 059 009. Details of Fidelity Australia’s provision of financial services to retail clients are set out in our Financial Services Guide, a copy of which can be downloaded from our website. This document may not be reproduced or transmitted without the prior written permission of Fidelity. 

© 2021 FIL Responsible Entity (Australia) Limited. Fidelity, Fidelity International and the Fidelity International logo and F symbol are trademarks of FIL Limited.

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