AMP Capital launches global equity fund

AMP-Capital/global-equities/ESG/

3 April 2017
| By Oksana Patron |
image
image
expand image

AMP Capital has launched a global equity fund aimed at delivering double-digit annualised absolute returns which will invest in a concentrated portfolio of between 25 and 35 companies.

The company said that the fund would focus on absolute risk and return, not benchmarks, with a long-term investment time horizon and low portfolio turnover.

Also, the fund would aim at ‘thematic drivers’ which would include, where possible, environmental, social and governance (ESG) themes and would look at changing demographic trends that drive change across consumption, healthcare and technology.

The investment team would be based in both London and Sydney which would be expected to enable coverage across time zones.

AMP Capital’s global chief investment officer, equities, David Allen, said: “We’ve taken a high-conviction approach, investing in a small number of exceptional companies with outstanding prospects that have dependable and persistent cash-backed returns on capital”.

“As we are not bound to a benchmark, sector or country, these are names that we think are the best stocks globally and will deliver the performance to meet our clients’ goals,” he said.

AMP Capital also announced it intended to launch additional global equity products in the coming years.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 5 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 4 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 3 days ago

TOP PERFORMING FUNDS