As well as the ESG options, North has added another eight technology and innovation-based investments. In total, North has added 65 new investment options in October and November alone including the Vanguard Global Value Equity Fund, the State Street Climate ESG International Equity Fund and the Janus Henderson Australian Fixed Interest Fund.
AMP director of platforms Edwina Maloney said the new ESG additions reflect the evolving needs of advisers, while the technology options have been provided to help clients who want exposure to industries such as artificial intelligence and automation.
“We’re pleased to have added another 60-plus options to North’s investment menu, which we’ll continue to broaden with high-quality, contemporary offers from the industry’s leading investment managers,” Ms Maloney said.
“In total, we’ve added more than 140 options to North’s investment menu during 2021, including a wholesale increase in the number of exchange traded funds, across multiple assets classes.
“As investment markets and client needs change and evolve, the North team will work closely with advisers to understand what their clients most value.”
AMP announced expansions in July and October, most recently adding Australian equities and exchange-traded funds to its MyNorth managed portfolios.
According to North’s research, advisers are increasingly turning to managed portfolios boosting the funds under management across the managed portfolio industry from $80 billion at the end of 2019 to $110 billion on 31 December 2020.
