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| Rebate Offer |
5.0% (100%) |
| Minimum Initial Investment |
$5,000 |
| Expected Close Date |
Ongoing |
| Description |
The MLC Masterkey Investment Service offers a wide selection of investment managers and options in every tax structure. |
| Product Disclosure Statement |  | Download Product Disclosure Statement (PDS) |  | Request Product Disclosure Statement (PDS) |
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The MLC Masterkey Investment Service is an Investor Directed Portfolio Service offering MLC Manager of Managers investment options (where MLC Masterkey selects some of the world's leading investment managers to manage your money) and single manger investment options. Owned by the National Australia Bank, one of the largest financial institutions in Australia, and manages more than $99.5 billion for more than one million customers in Austarlia. MLC is now the largest multi-manager in Australia and one of the largest in the world.
MLC Masterkey's investment philiosophy:
- Belief 1: The best way to grow wealth is to use exceptional investment managers which apply their skills, resources and research to build portfolios of individual investments.
- Belief 2: Deep research is the only reliable way to identify exceptional investment managers. Brand and past performance are unreliable predictors of future performance.
- Belief 3: Diversification leads to more consistent investment outcomes.
- Belief 4: A long-term approach should be used if your financial goals are long term.
- Belief 5: Efficient implementation reduces the costs of running a portfolio.
Key features of MLC Masterkey include:
- Wide investment choice to help you constuct and manage the right portfolio to meet your financial goals and objectives
- Consolidated reporting - no matter how many underlying funds you choose to invest in you will receive a single tax statement
- Volume payments with most fund managers have been negotiated by MLC Masterkey, effectively reducing the fees you pay
After opening an account, investors can easily invest in, and switch between a wide range of available funds. Consolidated reporting is provided in the end of year tax statement, and access to portfolio is available online 24 hours a day, 7 days a week.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 5.0% entry fee on investments in the MLC Masterkey Investment Service as additional units. 2020 DIRECTINVEST may receive a trailing commission of up to 0.6% pa. This trailing commission is paid by the fund manager and is NOT an additional charge to the investor. |
| Download Product Disclosure Statement (PDS) | | Request Product Disclosure Statement (PDS) |
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| Entry Fees | Entry fees are optional. Are you paying entry fees on existing managed funds? more info
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| MLC MasterKey | MLC Masterkey Super is also available through 2020 DIRECTINVEST with a 100% entry fee rebate.
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