Some key characteristics of ready-made portfolios are:
- Ready-made portfolios contain preselected shares based on the asset manager's strategy
- Portfolio managers operate under an asset management mandate as it’s a managed product and therefore you need to digitally sign this before purchase.
- Ready-made portfolios rebalance and when they do the portfolio of shares that you have purchased rebalance too. So, you’re always tracking the portfolio without having to lift a finger.
- Usually these types of investments are bought as one transaction, and are reflected in one invoice.
Costs
Ready-made portfolios carry a small additional fee, which goes to their creators. Because the ready-made portfolios are continuously managed, the costs are detailed and published pre-purchase for you to see clearly.