POWERED BY MOMENTUM MEDIA
AMP Multi-Asset Fund attracts first mandate for $55 million
AMP Capital's Multi-Asset Fund has won its first mandate from South Pacific based Tuvalu Trust Fund for $55 million.
Launched last year as a response to market volatility, the fund provides exposure to a combination of traditional and alternative assets and strategies in order to balance returns with the flexibility to respond to market movements, according to Matthew Hopkins, AMP Capital senior portfolio manager.
Hopkins said the mandate reflected a changing investment environment and acknowledged the fund's ability to provide strong returns and mitigate risk more efficiently than traditional approaches.
"AMP Capital's Multi-Asset Fund is a new approach to balanced, long-term investing, and was developed in response to ongoing volatile investment markets. The fund is designed to generate strong real returns for investors, with an emphasis on protecting capital," Hopkins said.
He said the fund was structured to maintain effective diversification across asset classes, sectors and geographies, and flexibility to rebalance the portfolio in response to market conditions. The Multi-Asset Fund targets a return of CPI +5.5 per cent over rolling five year periods.
The Tuvalu Trust Fund (established in 1987) aims to assist the Tuvalu Government in achieving greater autonomy and improving the country's budget. AMP's Multi-Asset Fund is a part of AMP Capital's Multi-Asset Group, currently managing more than $53 billion.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
