State Street Global Advisors (SSgA) has partnered with OneVue to provide clients with a new suite of six exchange traded fund (ETF) model portfolios.
The funds will comprise five risk-based models that range from high growth to conservative and a flexible asset allocation model that incorporates a cash-plus approach through OneVue’s Unified Managed Account investment platform.
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The new model portfolios will provide exposure to cash, domestic fixed income, domestic equities, international equities and alternatives.
The international models will offer a combination of developed and emerging markets, as well as incorporating hedged and unhedged levels.
Mark Wills, SSgA head of Investment Solutions for Asia Pacific, said: "Tactical asset allocation is increasingly gaining traction in Australia, which in turn is fuelling retail investor appetite for model portfolios that employ tactical asset allocation."
Brett Marsh, OneVue head of Partner Solutions, said that the new models will be available on OneVue’s wealth management platform in the near future with a target to attract firm’s that serve the self-directed market.
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By GlobalDataMarsh also added that the move will enable OneVue to support SSgA’s expertise in the ETF market.
"In the near future, these models will become available on OneVue’s wealth management portal for organisations that cater to the self-directed market, and will be an easy way for investors to diversify their portfolio in a flexible, tax-effective and low-cost manner.
"This partnership enables oneVue’s client base to leverage SSgA’s global and domestic expertise and capabilities in asset allocation and give clients access to model portfolio comprised of SPDR ETFs in addition to the ETFs offered by other lead issuers," Marsh concluded.
