AMP includes ETFs on super platform
AMP has included four exchange traded funds from BetaShares on its superannuation and investment platforms.
AMP has made it available through its North super, pension and investment platforms, including the Summit, iAccess Super and iAccess Pension.
Advisers can now access Australian Top 20 Equity Yield Maximiser Fund (ASX: YMAX), FSTE RAFI Australia 200 ETF (QOZ), S&P 500 Yield Maximiser Fund (UMAX) and Australian High Interest Cash ETF (AAA).
YMAX gives investors exposure to a portfolio of 20 blue-chip Australian ASX-listed companies while UMAX imitates this strategy over a basket of stocks with the US benchmark S&P 500 index.
AAA is a cash ETF that invests in bank deposits.
BetaShares managing director Alex Vynokur said he expects more super and pension platforms to include exchange traded products in the future.
AUTHOR
Malavika Santhebennur
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