Leading investment and superannuation platform provider HUB24 (ASX: HUB) today announced the launch of more international managed portfolios on its platform, expanding the opportunity for Australian investors to directly access international shares via professionally managed portfolios.
The new managed portfolios on HUB24’s platform are provided by highly regarded Australian boutique Arnhem Investment Management (Arnhem) and leading global investment firms Southeastern Asset Management (Southeastern) and AllianceBernstein Investment Management Australia Limited (AB).
HUB24’s international managed portfolio capability was launched in December 2015, offering access to well-established local and global investment managers with all the benefits of direct international share ownership, such as transparency, direct dividend cashflow and tax efficiencies, at an affordable cost.
The Arnhem Global Growth managed portfolio is the second portfolio from Arnhem to be available on HUB24, following the Arnhem Australia+ managed portfolio in December. The portfolio is a high conviction managed portfolio of 15-30 high quality sustainable companies operating within carefully selected high growth industries not available on the Australian Stock Exchange.
The Southeastern Global Equities managed portfolio is also being added to HUB24, and is a contrarian value-focused portfolio with a concentrated position in 18 to 22 international equities. Southeastern has employed a value approach to long-only equity investing for over four decades, selecting strong businesses trading at a discount to intrinsic value, and managed by good people. As of January 2016, Southeastern manages over $1 billion in mandates for Australian based institutions, and HUB24 represents their first direct availability to retail investors.
Soon to be available on the HUB24 platform are AB’s new Concentrated US Growth and Concentrated Global Growth equity managed portfolios. The US portfolio focuses on 15-20 high quality US equities with superior return potential, while the global portfolio selects 25-35 securities from all around the world. AB is a leading asset management and research firm, which brings together a unique combination of expertise, innovative solutions and global reach, with over forty years of experience.
HUB24 Managing Director Andrew Alcock said HUB24’s international managed portfolios offer advisers and their clients a new way to gain exposure to key offshore markets and companies.
“We’re proud to be partnering with leading investment managers to drive greater opportunities for advisers and their clients. Some of these additions to the HUB24 platform offer access to managers previously unavailable in Australia, or only available to institutional investors.”
“Until now, managed funds and ETFs have traditionally been the dominant avenues to invest overseas. International managed portfolios provide a great way for advisers to help their clients directly own shares in international companies and build out or complement their global exposure.”
