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Praemium sees 29% rise in managed funds amid record inflows

13 Jan 17

Australian-headquartered platform provider Praemium has reported a 29% rise in funds under administration (FUA) for the year to 31 December 2016, driven by record inflows from its international units.

Australian-headquartered platform provider Praemium has reported a 29% rise in funds under administration (FUA) for the year to 31 December 2016, driven by record inflows from its international units.

In September 2015, the platform launched its flagship Smartfund 80% Protected range of multi-asset funds, in collaboration with Morgan Stanley who write put options against the funds to protect 80% of a clients’ assets.

According to the latest figures, the Smartfund range has now reached £110m in fund under administration, up 29% over the last quarter.

The UK version of the Smartfund range, which launched in February 2016, delivered an 18% return through 2016, said Ohanessian.

“This is an outstanding result, and we believe the fund will be a compelling option for advisers to consider for their Sipp clients, especially those who are at or near retirement,” he said.

Pages: Page 1, Page 2

Tags: Michael Ohanessian | Praemium

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.