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|