Nikko Asset Management is partnering with a $26 billion Australian wealth firm to deliver an innovative, multi-manager separately managed account solution.
Through its recently acquired affiliate Ark Invest, Nikko AM is introducing the Nikko AM-ARK Disruptive Innovation SMA for Australian clients of Morgan Stanley Wealth Management. It is the first strategy from Nikko AM and ARK - which specialises in investing in disruptive innovators - in Australia.
Nikko AM Australia managing director Sam Hallinan said Nikko AM is excited to be able to partner with Morgan Stanley to implement ARK's first concentrated SMA strategy for Australian investors.
"Through working closely with ARK and applying the firm's unique investment model, we will be able to deliver Morgan Stanley Wealth's Australian clients the benefit of exposure to disruptive innovation, which is transforming industries and the global economy," he said.
The SMA provides opportunity for astute investors to potentially glean enormous benefit from the technology sector's ongoing evolution, Morgan Stanley Wealth Management Australia head of product, Matt Nicholls said.
"Morgan Stanley has an exclusive distribution agreement with Nikko AM to access the ARK Invest SMA, which means we can offer our clients unique opportunities for investing in baskets of stocks that represent key disruptive innovation themes. Diversification in underlying exposures and key thematics is integral to our client's success," he said.
ARK Invest founder, chief executive and chief investment officer Catherine Wood said it is becoming increasingly important for people to understand the impact of rapid innovation on both individuals and society, including implications for businesses and the economy.
"Today, technology is disrupting our world at an accelerated rate. Disruptive innovation impacts and concerns all of our lives and changes the way the world works, from communication and transportation, through to education and healthcare," Wood said.
Nikko AM acquired ARK Invest in August 2017 to enhance its investment solutions providing exposure to disruptive innovation.