Fidelity launches SMA with Praemium

Fidelity International has launched an actively managed Australian equity separately managed account on the Praemium platform.

The SMA is managed by Fidelity portfolio manager Kate Howitt (pictured), who also currently manages the Fidelity Australian Opportunities Fund.

"The SMA structure makes sense for the right client because investors own the shares they're invested in which can offer tax benefits but don't have administrative burden of investing directly in the stock market. At the same time, they're benefiting from the expertise and research resources of a professional manager," Fidelity head of wholesale sales, Simon Glazier, said.