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Specialist in Asia Pacific, Japan, China, India and South East Asia and Global Emerging Market equities.

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Leader in systematic equities across market cap weighted indices, smart beta and active quantitative strategies

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At Stewart Investors, we believe in putting people first. Our investment world-view is of a series of partnerships – with each other, with our clients, with the companies we invest in, the people who buy their goods and services, and with the wider society in which we all live and work.

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Separately Managed Accounts

Tap into Australian shares with a Separately Managed Account

Whether your clients need a cost-efficient, passive exposure to Australian shares or an active exposure that aims to generate above benchmark returns, the range of SMA portfolios managed by First Sentier Investors give advisers the building blocks needed to construct an efficient and diverse equities exposure.

Our experts have proven track records successfully managing a diverse range of funds, with A$21.1 billion1 under management across our highly regarded active Australian equities teams and $A27.7 billion1 in systematic strategies globally.

Falling under the managed account product umbrella, a SMA is a customisable share portfolio where assets are selected by a professional investment manager, but owned directly by the investor. Advisers can access our professional investment expertise through the range of SMA portfolios managed by First Sentier Investors on select platforms. These SMAs are operated by a SMA provider and are not a direct investment into our strategies or managed funds.

 

1 FUM as at 31 December 2022.

Why are more advisers turning to SMAs?

Professional and responsible security selection

Give your clients the ownership benefits of investing directly in the share market while retaining the active stock selection and risk management skills of a professional investment manager.

Spend more time on what matters for your business

SMAs can create less administration compared to direct equities and managed funds, freeing advisers’ time to focus on clients and growing their practices.

Add more value for your clients

Advisers can customise the SMA portfolio for their clients’ individual circumstances, whether it be excluding particular stocks from the portfolio or planning for tax outcomes. Clients have full visibility of their portfolio holdings while advisers benefit from a reduced administration burden.

The building blocks for an exposure to Australian shares

Browse the SMAs managed by First Sentier Investors

A passive, low turnover exposure to Australia's largest companies

First Sentier Investors Top 20 Index Portfolio

An investment in the First Sentier Investors Top 20 Index Portfolio is a low cost, efficient way to gain access to the broader share market. The S&P/ASX 20 Accumulation Index covers more than 50% of the S&P/ASX 300 Index by market capitalisation across eight of the eleven GICS sectors in the broader index. Compared to an investment in the S&P/ASX 300, historical total returns of an investment in the S&P/ASX 20 have been similar and dividend yields comparable - however franking credits have been consistently higher. Because stocks in the S&P/ASX 20 are highly researched, a passive, low cost strategy in this segment can effectively be paired with active strategies operating in less efficient segments of the market.

The First Sentier Investors Top 20 Index Portfolio is managed by Senior Portfolio Manager Kieran Toms, from our Realindex team. Established in 2008, our Realindex team manages $A27.7 billion* in systematic and passive equities strategies.

 

The First Sentier Investors Concentrated Share Portfolio and First Sentier Investors Ex-20 Australian Share Portfolio is managed by Head of Australian Equities Growth Dushko Bajic, who leads one of the largest and most experienced teams in the domestic share market. Established in 1989, they manage over A$14.4 billion* using an active investment approach.

*FUM as at 31 December 2022.

A high conviction strategy that targets quality growth stocks across the ASX300

First Sentier Investors Concentrated Share Portfolio

The First Sentier Investors Concentrated Share Portfolio contains a selection of our highest conviction quality growth stock picks. By drawing on an extensive bottom-up research and in-depth industry analysis we are able diligently scour the investment universe and discover companies with higher earnings potential than industry peers as well as companies possessing the ability to reinvest in their business above their cost of capital to grow their business.

We believe growing companies, which generate consistent returns and can reinvest above their cost of capital, provide the greatest shareholder value. Our active, bottom-up investment process is robust and has a proven long-term track record of outperformance over the full investment cycle.

Dushko Bajic

Head of Australian Equities, Growth

An exposure to shares which excludes the ASX20

First Sentier Investors Ex-20 Share Portfolio

Tapping into the broader opportunity set of the S&P/ASX 300, the First Sentier Investors Ex-20 Share Portfolio contains a selection of our Australian Equities Growth team’s high conviction stock picks outside the S&P/ASX 20 Index. As we don’t invest in the financials and resources companies that dominate the top 20 stocks of the Australian share market, this portfolio can help diversify away from a top-heavy Australian share portfolio.

We use our extensive network of contacts, including company management and their unlisted competitors, suppliers and industry experts, to gain insight into share price drivers. The broader market does not undertake the same in-depth industry analysis, giving us a potential advantage in identifying attractive investment opportunities.

Dushko Bajic

Head of Australian Equities, Growth

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Disclaimer

Investors in an individual Separately Managed Account (SMA) are not able to invest directly into a CFSMIL strategy or portfolio (Portfolio). Any past performance information provided will reflect the performance of a Portfolio and not any individual SMA. Returns will differ for an individual SMA compared to the Portfolio depending on matters such as inception date, fees and brokerage costs payable, adherence to model portfolio weights, portfolio implementation timing and fees payable. Any past performance information with respect to the Portfolio will not take into account any taxes that may be payable in connection with any returns or gains made from the Portfolio.

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First Sentier Investors became a Certified B Corporation in November 2022 with a score = 107.2, noting that the passing score is 80. Please visit the B Corp Directory to view our report and for additional information regarding the assessment process.

Material on this website is intended to provide general information only. This material has been prepared and issued by First Sentier Investors (Australia) IM Ltd (ABN 89 114 194 311, AFSL 289017) (FSI AIM), and includes the Financial Services Guide for FSI AIM.

This material does not take into account your objectives, financial situation or needs. Before making an investment decision you should consider the information on this website and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the relevant fund, issued by either Colonial First State Investments Limited (ABN 98 002 348 352, AFSL 232468) (CFSIL) or The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235150) (Perpetual) and assess whether the fund is appropriate given your objectives, financial situations or needs.

Any opinions expressed in videos are the opinions of the individual participant and are subject to change without notice. Such opinions: (i) are not a recommendation to hold, purchase or sell a particular financial product; (ii) may not include all of the information required to make such a decision in relation to such financial product; and (iii) may substantially differ from other individuals within First Sentier Investors.

Copyright © First Sentier Investors (Australia) Services Pty Ltd 2023 (part of First Sentier Investors, a global asset management business. First Sentier Investors is ultimately owned by Mitsubishi UFJ Financial Group, Inc MUFG).

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