MLC lowers management fees across MultiSeries | Australian Markets
MLC Asset Management has lowered the management fees across its MultiSeries portfolios by 0.5 to 0.8 per cent, with the modifications coming into impact from 1 June.
The management fees on MLC MultiSeries 30 decreased from 0.40 per cent to 0.32 per cent each year, MLC MultiSeries 50 from 0.45 per cent to 0.40 per cent, MLC MultiSeries 70 from 0.50 per cent to 0.43 per cent and MLC MultiSeries 90 from 0.55 per cent to 0.47 per cent.
“This repricing reflects MLC Asset Management’s continued focus on delivering products that fit a range of client needs, ensuring investors can access high-quality, diversified investment solutions at a competitive price point that leverages our scale, while still maintaining active positions in the portfolio,” Amna Khan, General Manager, Product at MLC Asset Management, stated.
“The MLC MultiSeries portfolios present traders entry to some of the world’s best managers and techniques, by MLC’s multi-asset method. The vary of funds are designed to ship a number of layers of diversification by mixing investment types and reserving prices for areas the place we imagine lively management provides probably the most worth, reminiscent of personal property and property.
“As advisers continue to seek streamlined investment solutions and simplicity in their back office, MLC MultiSeries offers access to a broad range of assets typically reserved for institutional investors, including illiquid investments. Supported by the transparency and ease offered through our Investment Central tool, the offering is designed to enhance the investment experience for both advisers and clients.”
The portfolios offer numerous risk profiles for traders with an curiosity in long-term growth and lively management. Khan additionally stated the MultiSeries choices are the “only multi-asset diversified fund range to hold [the] distinction” of Highly Recommended by Zenith.
The MLC MultiSeries 70 portfolio can be a finalist on this yr’s Fund Manager of the Year Awards, hosted by this publication and analysis associate, SQM Research.
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