MLC lowers management fees across MultiSeries portfolio

MLC Asset Management has reduced the management fees across its MultiSeries portfolios by 0.5 to 0.8 per cent, with the changes coming into effect from 1 June.
The management fees on MLC MultiSeries 30 decreased from 0.40 per cent to 0.32 per cent per annum, 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, said.
“The MLC MultiSeries portfolios provide investors access to some of the world’s best managers and strategies, through MLC’s multi-asset approach. The range of funds are designed to deliver multiple layers of diversification by blending investment styles and reserving costs for areas where we believe active management adds the most value, such as private assets 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 diverse risk profiles for investors with an interest in long-term growth and active management. Khan also said the MultiSeries options are the “only multi-asset diversified fund range to hold [the] distinction” of Highly Recommended by Zenith.
The MLC MultiSeries 70 portfolio is also a finalist in this year’s Fund Manager of the Year Awards, hosted by this publication and research partner, SQM Research.









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