MLC has expanded its range of investment options in a move to improve business structure and meet changing investor needs.
The group has announced the addition of 56 new investment options to the MLC Wrap and MLC Navigator investment menus.
The new options are intended to provide financial advisers with a wider selection of high-quality managed funds to choose from when building their client portfolios, MLC said in a statement.
By asset class, there will be 19 new international equity funds, 15 Australian equity funds, 14 fixed interest, three property funds, two growth funds and two multi-asset funds to be added to the menus.
“MLC is changing the way we do business – improving our structure, platforms and products – to meet the changing needs of financial advisers and their clients," said Kathy Vincent, MLC's general manager, retail super and investment platforms.
“These additional funds will open up more opportunity for advisers to assist clients in achieving their financial goals.
"Our goal is to provide the flexibility needed for advisers to offer quality personal investment options for their clients,” she said.
The addition of the new funds forms part of a wider business strategy to provide a diverse range of funds for each sector, with a particular focus on options for pre- and post-retirement strategies.
“Last year, we announced that we are growing by investing at least $300 million into our super, investments and advice offering through digital innovation, product and platform enhancement, improved customer engagement and experience and simplification,” MLC said.