POWERED BY MOMENTUM MEDIA
AMP NZWM moves to passive structure
AMP’s New Zealand Wealth Management (NZWM) has announced it will move towards predominantly index-based investment approach through providing a simpler and more cost-effective investment structure with the aim of improving performance for clients.
BlackRock Investment Management would be appointed to deliver NZWM’s new passive investment structure with funds expected to transition by end of 1H 2021.
NZWM and AMP Capital would work together to ensure a seamless transition for clients and that business impacts were minimised, it said.
“The change in investment approach responds to broader and long-term trends in expectations from clients, regulators and governments for KiwiSaver schemes,” NZWM said.
It noted that AMP Capital New Zealand would continue to provide active investment management options on NZWM’s WealthView platform, along with investment solutions for external clients across real estate, infrastructure, fixed income, and global equities.
Recommended for you
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
36.43 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
35.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
