AMP Capital Funds Management Limited, the responsible entity (RE) of the AMP Australian Equity Concentrated Fund (‘Fund’), has made a decision to terminate the Fund with immediate effect. From 11 October 2017 investors will not be able to invest in or withdraw from the Fund.
Why is the Fund being terminated?
We made this decision in response to our research which indicates the changing needs of clients, who are increasingly looking for more cost-effective and differentiated products. We have taken the decision to move away from fundamental core Australian equity products and focus on areas where we believe there is long-term demand and we can offer capabilities that match our clients’ needs.
Questions or concerns
We realise this closure may be unexpected. Should you have any immediate questions or concerns about the above, please do not hesitate to contact our Client Services team on 1800 658 404 or email us at email@example.com.
AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the Australian Equity Concentrated Fund and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.