BT Elect Portfolio - Beneficial ownership

Investors choose separately managed accounts like BT Elect Portfolio for the following reasons:

Flexibility

BT Elect Portfolio provides you with the flexibility of being able to move shares into or out of your portfolio. This is possible as you retain beneficial ownership of the securities held in your account. You may also contribute and withdraw from your account in either cash or securities. Transferring securities in or out of your BT Elect Portfolio does not result in a realisation for capital gains tax (CGT) purposes, unless you cease to be the beneficial owner of a security.

Transparency

With BT Elect Portfolio, you can go into the secure BT Portfolio Management website to view all the securities within your model portfolio and see the transactions that have been made on your behalf. This overcomes investor concerns over the level of disclosure of securities provided by traditional managed investment offerings.