Vanguard has launched diversified managed account strategies which will be available through Macquarie’s separately managed accounts on the Macquarie Wrap platform, offering more options to Australian advisers and investors seeking access to professional asset allocation.
The move came in response to a constantly growing base of Australian advisers using managed accounts.
The firm said it expected that its exchange-traded funds (ETFs) would continue to be used to implement the asset allocation for the strategies including conservative, balanced, growth and high growth, offering varying exposure to domestic and international equities as well as fixed income.
Vanguard’s head of distribution, Matthew Lumsden, said: “Depending on their preference and investment needs, advisers and investors now have greater choice in how they access Vanguard’s best thinking on asset allocation represented in our diversified portfolios, whether that’s through our low-cost managed funds, ETFs or through managed accounts.”
“Over time we aim to grow the range of Vanguard strategies offered through managed accounts, to further expand the choices available to our advisers and investors.”
Each portfolio would provide investors with global exposure to over 6,500 individual companies and more than 5,000 fixed-income strategies.