MLC will give greater choices to its financial planners following a decision to bump up its offerings in Australian equities and property.
National Australia Bank’s (nab) wealth management arm has changed its approved product list (APL) to include more specialist funds.
Specialist funds added in the Australian equities space include the Acadian Australian Equity Long Short Fund, the Challenger Select Australian Share Fund, Pengana Emerging Companies Fund, Perpetual Geared Australian Share Fund, Perpetual Share-Plus Fund.
AMP Capital Sustainable Share Fund has also been added as an ethical offering.
MLC has added two Australian property securities funds – Challenger FM Property Securities Wholesale Fund and Merrill Lynch Combined Property Income Fund.
It has also added the Challenger Australian Share Fund, Concord Australian Share Fund, Vanguard High Yield Fund and Zurich International Shares Fund.
“Part of our ongoing review process.is to ensure we have appropriate representation of investments and that the APL contains contemporary investment solutions for advisers to construct client portfolios,” an MLC spokesperson said.
“We continue to ensure we have appropriate choice in the specialist investment space.”
MLC has hired Lonsec as its preferred research provider for unlisted investments, including structured products, property and infrastructure.
MLC owns Godfrey Pembroke, Garvan, Apogee and MLC Financial Planning.
MLC has doubled funds under administration (FUA) in MasterKey Custom platform over the past three years, passing the $10 billion mark in April 2007.
Self managed super funds were key to this growth, MLC said.
