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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
