North adds 12 managed portfolios

Oksana Patron

3 November 2022

Provider of wrap investment platform, North has partnered with Blackrock, Morningstar and InvestSense to add a further 12 managed portfolios to its investment menu.

In total, North currently offers 230 managed portfolios to advisers and their clients with assets under management (AUM) passing $6.5 billion.

The partnership with Blackrock would result in designing and launching the platform’s first international equity portfolio – the iShares Enhanced Strategic International Managed Portfolio, which would be dynamically managed diversified portfolio, comprising 10-20 exchange traded fund (ETF) holdings, providing exposure to more than 2,500 underlying securities across developed and emerging markets.

BlackRock would use a four-step framework to construct the portfolio, covering strategic country and sector allocations, dynamic tilting, portfolio implementation and monitoring of risk exposures.

Morningstar’s six new managed portfolios were designed to meet the broad needs of all investors, covering Australian equities, ETFs and managed funds.

They would aim to grow savings above a clearly defined rate of inflation, utilising Morningstar’s asset allocation, security selection, portfolio construction, and research capabilities.

At the same time, five new multi-asset portfolios from InvestSense would provide exposure to a diversified portfolio of 7-30 managed funds and ETFs, and 20-40 direct Australian equities.

The portfolios would offer a broadly diversified exposure to a mix of securities that are out of favour with the market and therefore trading at attractive valuations, combined with those that have attractive growth prospects, but with reasonable valuations.