North adds 12 managed portfolios

North has added a further 12 managed portfolios to its investment menu, together with an additional 21 new investment options.

The additions follow the continued expansion of North’s partnered managed portfolio range, with eight more advice practices creating tailored offers since March this year which brought the total to 35.

The 12 new managed portfolios, from investment managers Russell Investments and Zenith Investment Partners, included diversified, geared, sustainable and dynamic exchange traded funds (ETFs).

The Russell Investments portfolios included five multi-asset portfolios, two sustainable portfolios and a new geared high-growth portfolio, one of the first of its kind in market. For Zenith, four new dynamic ETF portfolios had been added.

The new portfolios brought the total number of managed portfolios on the North platform to 79.

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North also added 21 investment options to its menu, covering a range of assets classes, styles and geographies, including multiple new sustainable funds and an impact fund.

AMP director of platforms, Edwina Maloney, said: “We’re continuing to expand the range of portfolios we offer through the North platform, which have now passed $5 billion in assets under management, despite volatile investment markets.

“We’re also excited to be launching our new, market-first North retirement income solution later this year, addressing an important need for many Australians.”