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Pivotal adds four portfolios to Mom range

Business solutions provider Pivotal is expanding its manager of managers investment platform by adding four port-folios to its UK funds.

Pivotal, which was launched earlier this year by National Australia Bank Group, is offering four portfolios – diversified bond, cautious managed, growth portfolio and diversified share – run by Australian manager of manager platform MLC.

The diversified share bond and cautious managed portfolios will seek medium to long-term capital growth by following a conservative strategy of investing in fixed-interest securities of UK and overseas companies.

The growth portfolio will seek longer-term capital growth through the shares and bonds of UK and foreign firms.

The diversified share portfolio will invest only in equities.

Annual management charges range from 1.5 per cent to 1.85 per cent. The initial charge is 3 per cent. Commission is 3 per cent, with 0.5 per cent trail.

General manager John Cowan says: “The portfolio use asset allocations designed to provide the highest rate of return for a given level of risk.”

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