The useful starting point
Count the underlying exposures, not just the strategy names. Several products can hold the same securities.
What an allocation means
An allocation determines the capital assigned to a strategy within your chosen setup. In the documented product, you can use a fixed-capital amount or a percentage of account net asset value. The strategy still determines its underlying targets; the allocation changes their size in your account.
With a percentage allocation, the amount assigned can change as NAV changes. A fixed-capital setting uses a stated amount, subject to the software’s execution rules and the account’s available buying power. Neither setting makes that capital a separate, ring-fenced account.
Why product count can be misleading
A prebuilt portfolio can already contain the individual strategies you are considering. Adding one of those strategies alongside it may increase the same underlying exposure. Different strategies can also select the same ETF independently.
Imagine two equally sized products both carrying an exposure to the same equity ETF. You have two product names, but the overlapping portion is still exposed to the same instrument. The software nets overlapping symbols when it calculates the account-level orders, so the broker may show a combined position rather than a separate position for each product.
Use look-through information
Read the component breakdown, asset list and construction section of the factsheets. Consider which securities repeat, which models use similar inputs, and whether the apparent diversification disappears during particular market conditions.
Historical correlation is one useful description of the past. It is not a stable promise. Strategies that behaved differently in one period can move together when liquidity, rates or investor behaviour changes.
Keep planning separate from execution
Portfolio Studio can help you explore hypothetical combinations. Use its inputs to understand relationships and its disclosures to understand the limits of the result. Saved plans do not activate trading or automatically replace your live MyAlgo configuration.
Before activation, review the live account, allocations, instrument permissions and scope of the risk response. The allocation illustration on this website is educational and does not identify a suitable portfolio for you.
