North, one of Australia’s leading wrap investment platforms, has added a further 12 managed portfolios to its investment menu, together with an additional 21 new investment options. The additions follow the continued expansion of North’s partnered managed portfolio range, with eight more leading advice practices creating tailored offers since March this year.
New portfolios
The 12 new managed portfolios1, from leading investment managers Russell Investments and Zenith Investment Partners, cover a range of strategies and styles including diversified, geared, sustainable and dynamic ETF.
The Russell Investments portfolios include five multi-asset portfolios, two sustainable portfolios and a new geared high-growth portfolio, one of the first of its kind in market. Four new dynamic ETF portfolios have been added to Zenith’s existing diversified portfolio range.
The new portfolios bring the total number of managed portfolios on the North platform to 79. The range includes direct equities portfolios, offered by a range of dedicated managed portfolio specialists.
Partnered managed portfolio expansion
North is also partnering with a growing number of leading advice practices and investment managers, delivering managed portfolios tailored specifically for their clients. With a further eight developed since March, North now provides partnered managed portfolios to 35 advice practices across Australia.
Further investment menu additions
In addition to the new managed portfolios, North has added 21 investment options2 to its menu. Available now, the funds cover a range of assets classes, styles and geographies, including multiple new sustainable funds and an impact fund.
AMP Director of Platforms Edwina Maloney, said:
“Managed portfolios continue to surge in popularity given the many benefits they provide clients, including direct asset ownership, portfolio transparency, cost efficiency, and access to world class investment managers. Importantly, they also free up advisers to spend more time with their clients.
“We’re continuing to expand the range of portfolios we offer through the North platform, which have now passed $5 billion in assets under management, despite volatile investment markets. This includes partnering with more advice practices and investment managers to create tailored client portfolios.
“We’re also excited to be launching our new, market-first North retirement income solution later this year, addressing an important need for many Australians.
“High quality investment solutions, low fees and efficient adviser and client functionality are the hallmarks of a quality wrap platform, and where we’re continuing our focus for North.”
Zenith’s Head of Asset Allocation Damien Hennessy, said:
“Being the first external investment manager to deliver partnered and public menu managed portfolios on the North platform, we’re excited to utilise the listed capabilities of what we believe is one of the market’s leading wrap platforms by launching our low cost, actively managed ETF portfolios.”
North Investment additions
1Managed Portfolios
Russell Investments Managed Portfolio - Conservative
Russell Investments Managed Portfolio - Diversified 50
Russell Investments Managed Portfolio - Balanced
Russell Investments Managed Portfolio - Growth
Russell Investments Managed Portfolio - High Growth
Russell Investments Managed Portfolio - Geared 120
Russell Investments Sustainable Managed Portfolio - Balanced
Russell Investments Sustainable Managed Portfolio - Growth
Zenith Dynamic ETF 50% Growth Portfolio
Zenith Dynamic ETF 70% Growth Portfolio
Zenith Dynamic ETF 85% Growth Portfolio
Zenith Dynamic ETF 100% Growth Portfolio
2ETFs
BetaShares Australian Financials Sector ETF
BetaShares NASDAQ 100 ETF
BetaShares Managed Risk Australian Share Fund ETF
ETFS S&P Biotech ETF
VanEck MSCI Multifactor Emerging Markets Equity ETF
VanEck FTSE China A50 ETF
Perth Mint Gold
2Funds
Aoris International Fund - Class B
Aoris International Fund D Hedged
Apostle Dundas Global Equity Class C
Ausbil Australian Smaller Companies Fund
Dimensional Sustainability World Allocation 70/30 Trust
Dimensional Sustainability World Equity Trust
Dimensional World Allocation 30/70 Trust
Investors Mutual Private Portfolio Fund
Lazard Defensive Australian Equity Fund
Melior Australian Impact Fund
Perpetual Pure Equity Alpha Fund Class A
Ruffer Total Return International - Australia Fund
Trillium ESG Global Equity Fund - Class A
Trillium Global Sustainable Opportunities Fund - Class A