AMP Capital joins with BetaShares on ETF products
AMP Capital has formed an alliance with BetaShares to launch a range of exchange traded managed funds aimed at the self-managed superannuation funds (SMSF) market.
The arrangement was announced by the two companies, which said they would be launching the the first three exchange traded managed funds on the Australian Securities Exchange (ASX) in coming months with the the AMP Capital Dynamic Markets Fund, the AMP Capital Global Property Securities Fund and the AMP Capital Global Infrastructure Securities Fund.
Confirming the arrangement, AMP Capital Director, Australia and New Zealand, Craig Keary, said the firm saw the alliance with BetaShares as a combination of AMP Capital's excellence in active investment management and the innovation that BetaShares has brought to the exchange traded fund market.
BetaShares managing director, Alex Vynokur, said he believed the alliance was "the natural step in the evolution of the Australian market for exchange traded products, bringing together the expertise of the two groups to deliver a new set of investment solutions to our clients".
Recommended for you
KPMG’s analysis has revealed which generation has the highest ownership of shares, with younger generations demonstrating a more cautious approach due to financial stress.
Sanlam Private Wealth has admitted to breaching its AFSL obligations in areas such as failing to have an adequate number of experienced responsible managers and provided a court enforceable undertaking to ASIC.
Expanded product ranges fuelled by M&A will be critical for wealth and asset managers to compete in 2025, according to EY’s wealth and asset management leader Rita Da Silva.
Having sought shareholder approval in November, E&P Financial Group has formally delisted from the ASX after six years.
