The SMA has exposure to a broad range of real estate assets including, but not limited to, retail, residential, commercial, industrial and real estate related social infrastructure.
Mason Stevens was established in 2010 by experienced individuals who saw an opportunity to provide Australian investors with a more sophisticated investment offering through managed accounts. In 2012, Mason Stevens merged with 2020 Funds Management to form the Mason Stevens Group.
Through an experienced and professional team of people, Mason Stevens provides both advice and execution capabilities across domestic and international equities and fixed income, equity derivatives (exchange traded options and OTC options), hybrids and bonds.
Managed Account Structure
Under an SMA, each investor has direct or beneficial ownership of the individual underlying investments in their portfolio rather than taking a share of a pool of assets via issued units. The investor therefore enjoys the tax advantages that direct ownership offers relative to the unit trust structure.
Separately Managed Accounts (SMA)
An SMA is a customised securities portfolio where the assets are owned by individual investors. An investment is allocated across one or more available investment models, which will determine the portfolio allocation between securities.
The investment model is provided by an investment manager (such as Charter Hall Maxim) and will buy and sell securities in much the same way that managed funds buy and sell securities to achieve their risk and return objectives.
One way to look at separately managed accounts is as an alternative to managed funds. Investors are able to utilise the collective knowledge and intellectual property of an experienced fund manager (such as Charter Hall Maxim) and have greater transparency and flexibility by investing in securities. SMAs are non-unitised managed funds.
Main Advantages of a Separately Managed Account
A separately managed account is professionally managed like an individual portfolio with many key advantages:
For more information on SMA’s please click on the topics below:
Investors should consider the product disclosure statement (“PDS”) issued by, One Managed Investment Funds Limited (ABN 47 117 400 987) (AFSL 297042) (“OMIFL”) as responsible entity of the Charter Hall Maxim Property Securities Fund ARSN 116 193 563 (“Maxim”). The information contained in this website was not prepared by OMIFL but was prepared by other parties. While OMIFL has no reason to believe that the information is inaccurate, the truth or accuracy of the information contained therein cannot be warranted or guaranteed. Anyone reading this website must obtain and rely upon their own independent advice and inquiries. Investors should carefully consider each of the Product Disclosure Statement dated 9 June 2021 (together with the Additional Information Booklet dated 9 June 2021) (“PDS”) and Target Market Determination (“TMD”) issued by OMIFL before making any decision about whether to acquire, or continue to hold, an interest in Maxim. Applications for units in Maxim can only be made pursuant to the application form relevant to Maxim. A copy of the PDS dated 9 June 2021, TMD dated 1 October 2021, continuous disclosure notices and relevant application form may be obtained from https://www.oneinvestment.com.au/charterhallmaxim/ or https://www.charterhall.com.au/investments/funds/charter-hall-maxim-property-securities-fund. You should also consult a licensed financial adviser before making an investment decision in relation to Maxim. A copy of the PDS may be obtained from http://oneinvestment.com.au or http://charterhall.com.au/. Charter Hall Property Securities Management Limited (ABN 25 104 512 978) (AFSL 238349) (“Charter Hall Maxim”) is the investment manager of Maxim. Neither OMIFL nor Charter Hall Maxim guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this website. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this website, Charter Hall Maxim makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This websitehas been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this website, and seek professional advice, having regard to their objectives, financial situation and needs.