St George-owned dealer group, Securitor, has restructured the model investment portfolios it delivers to advisers within the group.
Securitor management assembled the ‘strategic’ and ‘tactical’ portfolios from a list of funds rated investment grade by Standard & Poor’s to determine the blend of funds available to group advisers. “We filter [the list] for Securitor advisers and produce an updated report, with content provided by S&P, for the recommended portfolios,” Neil Younger, Securitor head of advice business solutions, said. The funds added to the portfolios are: -MIR advance concentrated Australia share fund; -Aberdeen Asian opportunities fund; -AMP sustainable future Australian fund; -Perpetual wholesale ethical SRI fund; -BT ethical wholesale share fund; -Dexia sustainable global equities fund; and -AMP Capital Investors responsible investment leaders international share fund (class A). Younger would not disclose which funds were removed from the portfolios. The tactical portfolio aims to take advantage of market fluctuations, holds gearing products and is reviewed on a monthly basis, while the strategic portfolio focuses on long-term performance and is reviewed bi-annually. Meanwhile, Younger said Securitor would assemble portfolios aligned with a socially responsible investment (SRI) theme in order to tap into the growing sustainable investment market. The SRI market was valued at $11.98 billion in June 2006 and grew by 56 per cent in the last year.
A managed investment scheme holding 20 per cent or more in unlisted assets is deemed an illiquid scheme and is restricted from providing frequent liquidity, but there is no formal limit on how much super funds can allocate to these asset classes. The Conexus Institute writes this is a special privilege given to APRA-regulated super funds that should not be taken for granted.
David Bell and Geoff WarrenFebruary 6, 2025
