SMA Model Portfolios are similar to unit trusts in that an investment manager develops a model portfolio specialising in a particular aspect of the market (such as large-cap growth or value) and purchases or sells securities in an effort to generate positive returns. The key difference between unit trusts and SMA Model Portfolios is that, in a separate account, the SMA platform is purchasing the securities in the portfolio on behalf on the investor, not on behalf of the fund. In a separate account model, the investor directly owns each of the securities that the model owns. If a separate account portfolio model includes shares of Company 1 and shares of Company 2, when you invest in that model portfolio, the SMA platform purchases shares of each of those companies on your behalf. Your account is "separate" and distinct from that of any other investor in that model.


We are the investment manager for following 3 SMA Model Portfolio products:

© 2019 Newport Asset Management

  • LinkedIn Social Icon
  • Twitter Social Icon

Newport Asset Management

Newport Private Wealth Pty Ltd  (ABN 16 166 931 960)

Australian Financial Services Licence  451820


Terms & Disclaimer