warning
March 2022 – Please be aware of scammers falsely representing AMP Capital. AMP Capital is aware of an ongoing scam operation targeting customers and the broader community, offering inflated interest returns, available through fictitious investment vehicles, titled AMP Capital High Yield Fixed Return Global Market Fund. Through the use of phishing emails and phone calls, malicious operators are attempting to entice them to invest in a false product that features AMP Capital’s branding. Please be aware this is a not a legitimate product from AMP Capital.

AMP Capital does not approach potential customers via electronic direct mail (EDM) nor does the company solicit personal or financial information via email. If you are concerned that you may have been targeted by scammers, please contact us on 1800 658 404 from 8.30am to 5.30pm Monday to Friday (Sydney time). More information on scams can also be found on the ACCC’s website Scamwatch.

AMP Capital Equity Fund

Global Equities and Fixed Income (GEFI) Sale - Update for Investors (Last updated 14 June 2022)

Change of responsible entity for two Australian Equities funds

On 14 June 2022, the responsible entity of the below listed funds (Funds) changed from AMP Capital Funds Management Limited* to ipac Asset Management Limited**(IAM), another member of the AMP Group.

• AMP Capital Australian Equity Income Fund (ARSN 165 631 818) (also known as AMP Capital Equity Income Generator)
• AMP Capital Equity Fund (ARSN 089 596 850) (also known as AMP Capital Equity)

In accordance with relief provided by the Australian Securities & Investment Commission (ASIC), the responsible entity of each Fund could be changed without a member meeting, as long as members eligible to vote were given the opportunity to request a vote and were provided with certain information. As the requisite number of eligible members in each Fund did not request a vote, the responsible entity automatically changed when ASIC altered the record of registration to record IAM as the responsible entity of each Fund.

The investment strategy for each Fund remains the same, along with key personnel, systems and resources that currently manage and support each Fund.

Further assistance
If you have any questions relating to the change of responsible entity, please contact our Client Services Team on 1800 658 404, between 8.30am and 5.30pm (Sydney time) Monday to Friday or via email at clientservices@ampcapital.com.

If you’re invested in Flexible Lifetime Investments (Series 1 and Series 2), please contact our Client Services Team on 133267 between 8.30am and 5.30pm (Sydney time) Monday to Friday or via email at trustinfo@amp.com.au.

 * AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455)
** ipac Asset Management Limited (ABN 22 003 257 225, AFSL 234655)

Global Equities and Fixed Income (GEFI) Sale - Update for Investors (Last updated 17 May 2022)

Proposed change of responsible entity for two Australian Equities funds

  • AMP Capital Australian Equity Income Fund (ARSN 165 631 818) (also known as AMP Capital Equity Income Generator)
  • AMP Capital Equity Fund (ARSN 089 596 850) (also known as AMP Capital Equity)

On 17 May 2022 we wrote to investors (Members) in the abovenamed funds to notify them that we’re proposing to change the responsible entity from AMP Capital Funds Management Limited (AMPCFM) to ipac Asset Management Limited (IAM), another member of the AMP Group.

AMPCFM believes IAM has the requisite specialist expertise to continue to provide high quality governance for each fund. Presently, IAM acts as the responsible entity for other registered managed investment schemes.

Members in each fund can request a vote on the proposed change. If eligible Members don’t request a vote, then the responsible entity will automatically change to IAM on or around 14 June 2022.

If the change of responsible entity for the Fund does not occur, AMPCFM will remain as responsible entity of the Fund.

You can read more about the proposed change in the notice to members (Notice) for the AMP Capital Australian Equity Income Fund and the AMP Capital Equity Fund.

Current information and assistance
Please continue to visit this website for current information about the proposed timing of the retirement of AMPCFM as responsible entity of the Fund and the appointment of IAM and manner in which the retirement and appointment will occur.

If you have any questions relating to the proposed change of responsible entity, please contact our Client Services Team on 1800 658 404, between 8.30am and 5.30pm (Sydney time) Monday to Friday or via email at clientservices@ampcapital.com.

If you’re invested in Flexible Lifetime Investments (Series 1 and Series 2), please contact our Client Services Team on 133267 between 8.30am and 5.30pm (Sydney time) Monday to Friday or via email at trustinfo@amp.com.au.

About the new investment manager
Macquarie Investment Management Global Limited (ABN 90 086 159 060 AFSL 237843), a division in Macquarie Asset Management, delivers a full-service offering across a range of asset classes including fixed interest, listed equities (domestic and international) and infrastructure securities to both institutional and retail clients in Australia and the US, with selective offerings in other regions. It also selects specialist investment managers to bring their signature strategies to investors through the Macquarie Professional Series.

Macquarie Asset Management is the asset management division of the Macquarie Group. Macquarie Group is a global financial services group operating in 33 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.

About the new investment team
Macquarie’s Quantitative Investment Strategies investment team have been managing systematic strategies for over 25 years, originally in Australia before expanding into global markets. The team manages over $43.5 billion of assets (as at 30 September 2021) across a range of passive and active strategies. The team’s broad range of quantitative capabilities is based on its time-tested belief that typical human behaviour leads to investor biases which can be captured in a risk-controlled systematic framework. At the core of the team’s quantitative capability lies its market leading research platform, built using proprietary systems and infrastructure.

About the Responsible Entity

ipac Asset Management Limited (IAML) is the current Responsible Entity (RE) for the Fund. An RE is the governing entity responsible for the overall management of a fund and must act in the best interests of members and in compliance with the law. It appoints and monitors the Investment Manager and other service providers.

The Fund aims to provide investors with high returns over the long term through investment in a portfolio of Australian securities listed, or about to be listed, on the Australian Securities Exchange. 

Investment is diversified across a range of industries and sectors, with a focus on the largest 200 companies.In constructing the portfolio, we employ a systematic rules-based approach which we believe is a cost-effective way of equities investing.

Description of target market for this fund

This product is likely to be appropriate for a consumer seeking capital growth to be used as a satellite/core holding within a portfolio where the consumer has a medium to long investment timeframe and a high risk/return profile. The fund provides daily access to capital.

Withdrawal frequency

Withdrawals are allowed daily. Withdrawals are normally processed within 5 business days. The constitution allows for payments to be made within 30 calendar days.

Risk profile

The Fund may be suitable for a consumer with a higher risk profile who can accept higher potential losses (eg has the ability to bear up to 6 negative returns over a 20-year period (SRM 6)) in order to target a higher return.

What are the key risks associated with the fund?

Risks specific to the fund include or are associated with share market and company risks, investment management, risks associated with the use of derivatives and and liquidity risks. Please refer to the fund’s Information Memorandum for more information.

Important information:

ipac Asset Management Limited (ABN 22 003 257 225, AFSL 234655) (ipac) is the responsible entity of the AMP Capital Equity Fund (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 National Mutual Funds Management Ltd. (ABN 32 006 787 720, AFSL 234652) (NMFM). 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. A target market determination has been made in respect of the Fund and is available at www.ampcapital.com/TMD. Neither NMFM, ipac 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 document. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this document, companies in the AMP Group makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This document 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 the information in this document, and seek professional advice, having regard to their objectives, financial situation and needs. This document is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of ipac. This document is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.

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