MLC Core Investment List surpasses $500m FUM milestone



MLC Wealth’s (MLC) new Core Investment List, available on MLC Wrap and Navigator Series 2, has surpassed $500m FUM in the four months since launching in April 2020[1].

The Core Investment List enables clients to access the popular Horizon, Index Plus and Inflation Plus investment portfolios at a competitive flat administration fee[2].

MLC Group Executive, Retirement & Investment Solutions, Tim Steele attributed the uptake of the Core Investment List since launch to the targeted nature of the new offering, which was designed specifically for a recognised client and adviser need.

“There is clear appetite for a simple, cost-effective way for advisers and their clients to access MLC’s powerful investment opportunities and multi-manager expertise. We listened to advisers and heard there was demand for greater choice and flexibility,” Mr Steele said.

The Core Investment List includes diversified options which invest in a broad range of assets and managers including Vanguard, Pimco, Redpoint, Blackrock and Arrowstreet.

Advisers can seamlessly switch their clients between the Core and full Investment Lists, aligned to their clients’ changing circumstances and wealth needs over time.

The full Investment List offers access to more than 400 options, across a range of managed funds, shares, ETFs, SMAs and Term Deposits, and has more than $30b FUM (as at 31 March 2020).

[1] MLC Wrap and Navigator Series 2 is issued by NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465 (NULIS). A copy of the Product Disclosure Statement is available at You should consider the Product Disclosure Statement in deciding whether to acquire, or continue to hold, the product.”
[2] Administration fee – $260 p.a. plus expense recoveries




Related Articles

  • Media Release

NAB partners with Plenti for secured auto/EVs and renewables lending

NAB has agreed to enter a strategic partnership with fintech lender Plenti Group Limited.

  • 28.11.2023
  • Time to read 1 min read
  • Media Release

NAB the first Aussie bank to launch digital wallet-enabled virtual corporate card

In an Australian banking first, NAB has launched a new, plastic-free, virtual corporate credit card to help businesses streamline, modernise and simplify their expenses.

  • 14.11.2023
  • Time to read 1 min read
  • Full Year Results

NAB announces 2023 Full Year Results

Releasing NAB’s 2023 Full Year Results, NAB CEO Ross McEwan said the bank and its customers were benefitting from the consistent execution of its strategy over several years.

  • 09.11.2023
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.