What is the difference between a Marcus Today SMA vs a Managed Fund?
Marcus Today SMA | Traditional Managed Fund |
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You are the beneficial owner of a direct share portfolio | You own units in a pooled fund of investments |
You retain your individual status regarding capital gains tax | You are exposed to inheriting the capital gains of other fund members |
All franking credits accrue to you personally | Franking credits are shared between all unit holders |
You can customise and diversify your share portfolio | The fund’s manager determines your entire portfolio |
You can access online reports with all the information you need on your portfolio 24/7 | The fund’s reports are generally issued annually |