Open to Wholesale Clients
Expertise
Diversification
Income
Ownership
Once you have chosen an Investment Program, the IMA Investment Management Team (IMT) will invest in fixed income assets according to the program’s mandate and replicate its model portfolio. The IMA IMT will rebalance your holdings in response to changes in markets and investment opportunities.
As an IMA client, you receive:
- Regular income payments (coupons) either reinvested or paid into your nominated account.
- The opportunity to subscribe to multiple Investment Programs.
- The option to transfer approved assets ‘in-specie’ into your IMA account.
- Full transparency, with 24/7 online access to your portfolio’s performance, valuations, transactions and income.
- Monthly and annual statements of portfolio accounts, and a monthly quarterly economic and fixed income market commentary from the IMA IMT.
- Custodial services.
- Compliance monitoring, supervisory oversight and independent audit of services by KPMG.
Investing with MST’s IMA Service provides the following benefits:
- Professional fixed income portfolio management by industry experts.
- Choice of two Investment Programs or a customised Investment Mandate for investments over $10M.
- Maximum diversification through the use of the DirectBonds service, independent of your investment volume and the Investment Program chosen.
- Direct beneficial ownership of the portfolio of fixed income securities via your own custody account.
- Cut down on administration as MST administers any notices and corporate actions related to your investments.
- Simple and clear fee structure.
Investors can choose from two IMA Investment Programs, with a minimum investment of $1M, each designed to appeal to a range of investors’ product preferences, target returns and credit risk tolerances. Alternatively, Investors with a minimum of $10M can customise their Investment Mandate.
– Head of Individually Managed Account Service (IMA)
The Individually Managed Account Service provides investors access to a menu of products that combine the benefits of total return, capital stability and regular income with direct ownership and professional management. The minimum investment amount for the IMA service is $1M for each investment program, or $10M for a Customised Investment Program.
Conservative Income
Regular income through exposure to investment grade rated debt only. Conservative Income invests in investment grade rated senior and subordinate bonds only. Longer dated bonds form a key part of portfolios generating yield from credit and interest rates. The mix of holdings of fixed and floating rate bonds will shift through the interest rate cycle.
Income Plus
Regular income through exposure to both senior and subordinate debt. Income Plus has a broader mandate to invest across the capital structure, senior through to subordinated bonds, and across the credit spectrum to include investment and non-investment grade rated bonds. The allocation to select non-investment grade credits is based upon corporate credit strength. The portfolio credit exposure mix of rated and unrated senior and subordinate bonds will shift through the credit cycle.
For investments of $10m+
MST’s IMA service offers the ability to create a bespoke fixed income portfolio based on your key investment objectives including liquidity, credit, duration, diversification and Environmental, Social and Governance (ESG) position.
The IMT team can provide a bespoke investment program including exposure to Government, Corporate, Bank and Asset Backed Securities in the form of fixed and floating rate securities.
The IMT will assist investors to achieve their required outcomes through a detailed Investment Mandate design phase.