David Anderson
Mercer Wealth Solutions has added a further seven investment options to its superannuation trust, Mercer Super Trust (MST).
As of March 1, 2007, MST members will be able to invest in three new select-your-own Mercer Australian shares options and four Mercer Target Options. Mercer Investment Nominees, the trustee of MST, said the expanded range of products would now be available to MST’s 190,000 members.
Mercer Wealth Solutions business leader David Anderson said the new Mercer Australian shares investment options were designed for members who want to further customise their portfolios.
“The three products have distinct value or growth investment styles, rather than a blend of styles, and allow members to control the blend to meet their specific requirements. The aim is to take Australian shares to the next level,” Anderson said.
In terms of the four new Target options, Anderson said they were “a simple, time saving” super solution.
“While choice of fund has been a great development for MST members, many are daunted by the range of options in the marketplace. To help make the investment decision easier, four Mercer Target options have been created. Members simply select an option based on the desired maturity of their retirement savings, and the asset mix of that option is adjusted progressively until the target date.”
Anderson said the addition of the new investment options stem from a review Mercer conducted over the past few months. He said MST members had indicated a need for “progressive investments” that used advanced techniques.
MST has 190,000 members and a total of $12.6 billion in funds under management.
