Praemium adds international securities

Company News

by Kathy Skantzos

Investment administrator Praemium (ASX:PPS) has announced that it has enhanced its separately managed account (SMA) proposition in Australia with the addition of international securities.

Several model managers, including Arnhem, Joseph Palmer & Sons and Watershed have been approved to run international models in the SMA scheme.

The new models will provide access to 26 developed international markets that are constituents of the MSCI World Index.

The company says the addition of international portfolios to the Praemium SMA will provide greater choice for advisers and their clients, giving direct access to quality global investment opportunities.

Praemium CEO Michael Ohanessian says the added international capacity is a natural progression of the company’s proposition and further strengthens its position as a managed accounts provider.

Shares in Praemium (ASX:PPS) are trading 0.58 per cent higher at $0.86.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.