About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 15th, 2:25PM
rss
Latest Headlines

AMP Capital sees strong demand for passive funds

AMP Capital has launched three new passively-managed index fund options for New Zealand retail investors.

Monday, December 4th 2017, 10:14AM 1 Comment

It already offers a range of passive funds for wholesale clients seeking low-cost exposure to listed markets.

But it said the new move for retail investors was in response to increasing demand for strategies offering broad market exposure with low operating expenses.

The new funds include the All Country Global Shares Index Fund, which aims to provide a return that closely matches the return of the MSCI All Country World Index ex Tobacco Index; the NZ Shares Index Fund, which aims to provide a return that closely matches the return of the S&P/NZX 50 Index; and the Hedged Global Fixed Interest Index Fund, which aims to provide a return that closely matches the Bloomberg Barclays Global Aggregate Bond Index (this fund also excludes Tobacco), fully hedged to the New Zealand dollar.

At the same time the minimum investment amount for retail investors has been lowered to $50 from $2000, and the funds will pay a distribution every six months. The funds are PIE-compliant.

Grant Hassell, managing director and chief investment officer, said: “AMP Capital is committed to delivering both active and passive capabilities that match our clients’ needs as we recognise the role they both play in a diversified portfolio. Introducing the three additional index funds to retail investors enables us to offer these capabilities to a wider universe of clients seeking low-cost exposure to these asset classes.

“The new funds complement our diverse range of actively-managed funds available to retail investors. We now offer 26 funds for retail investors seeking access to high-quality assets such as global property and global infrastructure, alongside traditional asset class such as corporate bonds and equities.”

AMP Capital has also announced changes to the investment strategy for the AMP Capital Hedged Global Fixed Interest Fund. This follows the completion of a review into AMP Capital’s multi-manager global fixed interest strategy.

The fund will now be managed to specific responsible investment criteria, which encourages investment in companies with strong environmental, social and governance (ESG) characteristics. The underlying managers will be governed by AMP Capital’s Responsible Investment Charter.

Tags: AMP Capital ESG investment responsible investing

« PAA gets 'no' voteFew takers for advice - but retirees rue missed opportunity »

Special Offers

Comments from our readers

On 5 December 2017 at 1:45 pm smitty said:
Of course AMP advisers would use Passive solutions, it makes their Adviser fee and AMP charges more palatable, rather than the usual 2.50 to 3.50% all up charge for their clients.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.95 5.15 5.49
ANZ Special - 4.45 4.65 4.99
ASB Bank 5.80 4.79 4.99 5.29
ASB Bank Special - 4.49 4.59 4.89
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.65 4.99
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.75 4.99 5.29
HSBC Premier 5.79 4.19 4.29 4.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.15 5.49
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.45 4.65 4.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.19 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.59 4.69 4.99
Sovereign 5.90 4.79 4.99 5.29
Sovereign Special - 4.49 4.59 4.89
The Co-operative Bank - Owner Occ 5.75 4.49 4.69 4.99
The Co-operative Bank - Standard 5.75 4.99 5.19 5.49
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.69 4.79
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.19 5.44
Westpac - Offset 5.95 - - -
Westpac Special - 4.59 4.65 4.94
Median 5.82 4.79 4.99 5.29

Last updated: 8 December 2017 7:30am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com