AMP Capital expands retail offering
The AMP Capital Dynamic Markets Fund, Australian Equity Income Fund, and Income Generator have been made available to retail investors for the first time, seeking to address a gap in the market for products that are aligned to retail investor needs.
The first two funds have previously only been available to institutional investors, while Income Generator has until now only been accessible via platforms.
AMP Capital said the funds are targeted at investors who are concerned about market volatility and want a more consistent income stream that can grow over time to mitigate against increases in the cost of living.
AMP Capital head of retail and corporate business, Craig Keary, said these funds provide options for investors who are self-directed and have income goals that are not being met by cash products.
“These investors have goals, such as steady income or capital growth, that are often linked to the lifestyle they want to lead, and subsequently they want products that can provide them with more certain investment outcomes,” Keary said.
Recommended for you
Insignia Financial is targeting its salaried financial advisers increase their revenue per adviser by 62.5 per cent over the next five years.
AWAG and Teaminvest Private Group have teamed up to offer a succession lending fund to help advice principals navigate succession planning and enjoy their retirement.
LGT Crestone chief executive Michael Chisholm believes the firm was chosen to acquire Commonwealth Bank’s personal advice arm due to its strong private market capability.
Advisers will now be able to tap into global markets on the platform through international signature managed accounts from global managers like T. Rowe Price and Lazard.
