AMP Capital sells its Global Companies fund

AMP-Capital/Simon-Warner/

9 March 2021
| By Mike |
image
image
expand image

AMP Capital has announced the sale of its Global Companies capabilities to a Canadian firm.

The company announced today that it had reached an agreement with Fiera Capital for the sale of Global Companies capability including its four-strong investment team to Fiera in a transaction which will see the transfer of the Global Companies Fund UCIT platform series.

The announcement said that AMP Capital and Fiera were committed to ensuring that existing client terms and conditions would not be impacted and clients experienced a seamless transition.

The transaction follows on from AMP Capital announcing in August last year that it would be pursuing a strategy for its Global Equities and Fixed Income businesses to explore opportunities, including partnerships, to increase their scale to accelerate growth.

Commenting on the move, AMP Capital global head of public markets, Simon Warner said the agreement delivered on AMP Capital’s strategy to find the best opportunities for its global equities and fixed income capabilities to achieve scale and accelerate growth.

“After being established in 2017, GCF has delivered great returns for our clients and I have no doubt this will continue under new leadership,” he said.

The announcement said that AMP Capital and Fiera Capital would formalise the long-term distribution arrangements to best support the AMP Capital Global Companies fund in Australia and New Zealand.

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?...

2 months 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 1 week 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...

3 weeks 1 day ago

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

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS