NGS Super has launched an indexed balanced option, Investor Daily reports. The option has been unveiled in response to demand for low-cost investment choices from members and market competition. The industry fund, which has more than $4.1 billion in assets, has divided the asset allocation for the indexed balanced option into 67.5 percent growth assets and 32.5 percent defensive investments.

The new option will not invest in unlisted assets. The growth assets include a combination of Australian and overseas equities, Australian listed property and global listed infrastructure, while the defensive component consists of Australian bonds, cash and term deposits.

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