North expands its managed portfolio options with new additions to its ESG and Zenith ranges

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AMP has announce the expansion of North’s managed portfolio offer with the addition of new options to both the MyNorth Sustainable and Zenith ranges.

Moderately Conservative and Moderately Aggressive risk profiles have been added to the current MyNorth Sustainable Managed Portfolio Balanced profile, providing greater choice for clients and recognising growing demand for ESG investment options.

MyNorth Sustainable Managed Portfolios are one of the first of their kind to be offered through a wrap in Australia, providing advisers and clients with a values-based investment option.

Guiding sustainability principles were developed by the MyNorth Research team in close consultation with Regnan, a leading responsible investment advisory company, while the portfolio is managed by Pendal.

The expansion of the sustainable range reflects growing demand for ESG solutions and recognition from advisers[1] of the importance of aligning investment strategies with client beliefs.

The new Zenith Elite Blends Managed Portfolios complement the existing Zenith Essentials range, already available through MyNorth.

Launched in 2019 and managed by Zenith, the Essentials portfolios provide exposure to a diversified range of active fund managers utilising lower-cost strategies. The new Elite Blends are actively managed portfolios which incorporate Zenith’s expertise in investment markets and manager selection.

Edwina Maloney, AMP’s Director of Platforms, said the new offers reflect AMP’s commitment to working with world class investment managers to provide advisers and clients with innovative, high quality managed portfolios through the North platform.

“Managed portfolios are deeply valued, with close to half of advisers in Australia now incorporating them as part of their investment strategies for clients[2].

“They’ll continue to grow in popularity because they embody the attributes which advisers most value in running their practices – quality, low-cost investment solutions, delivered simply, efficiently and transparently.

“Advisers and their clients can expect further managed portfolio releases through the North platform in the coming months as we continue to strengthen our offer.”

North’s growing managed portfolio range recently passed $2 billion in assets under management. The range, which launched in 2018, also includes 11 partnered managed portfolios with leading advice practices, and the MyNorth’s IndexPlus portfolios.

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[1] Investment Trends February 2021 ESG Adviser Report
[2] Investment Trends February 2021 Managed Accounts Report

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