What is the difference between a Marcus Today SMA vs a Managed Fund?
| Marcus Today SMA | Traditional Managed Fund |
|---|---|
| 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 |