AMP Capital and BetaShares launch active infrastructure and property ETMFs
AMP Capital has joined with BetaShares to launch what they are claiming as Australia's first active infrastructure and property exchange traded managed fund (ETMF).
The two companies said they were doing so on the back of strong investor demand.
Investors could now buy AMP Capital's global listed infrastructure managed fund (unhedged) and AMP Capitals' global property securities managed fund via the Australia stock exchange (ASX). AMP Capital's dynamic markets fund (hedge fund) was also expected to be launched in the coming weeks, AMP Capital said.
The announcement said the fund would offer the same investment strategies as the existing AMP Capital managed funds with the only difference being that they would now appeal to a wider range of investors, particularly financial advisers, brokers and self-managed super fund (SMSF) trustees who wanted to diversify income sources away from shares.
AMP Capital head of SMSF and self-directed wealth, Tim Keegan, said both the actively managed global listed infrastructure and global property fund ETMFs gave investors exposure to assets outside of the Australian market, which were proven performers amid low interest rates.
"Investors will now be able to access a full portfolio of diversified exposures in just one trade," he said.
BetaShares managing director, Alex Vynokur, said there was a strong and increasing demand for active ETMFs, which was why BetaShares and AMP Capital formed their alliance, to bring new products to the market.
Recommended for you
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.
