AMP Capital Global Short Duration Fund

How the Fund works

The Global Short Duration Fund aims to provide you with access to a well-diversified portfolio of high quality global fixed income securities. It invests in securities with a shorter average duration than traditional fixed income funds. The fund takes advantage of global opportunities focusing on active positions on secular trends as opposed to short term aberrations in interest rates. PIMCO Australia Pty Limited, a global investment management firm, has been appointed as the current investment manager of the Fund.

 

How does the Fund meet your needs?

  • Consistent returns

    The fund adds value through multiple sources to achieve consistency of returns.

  • Risk management

    The short term investment philosophy has an emphasis on minimising downside risk.

  • Access to specialist investment team

    Proven investment management expertise and resources are accessed through a specialised fixed interest team.

  • Currency management

    To help protect against currency exchange rate fluctuations, the fund is fully hedged to the New Zealand dollar.

Fund facts as at 30 June 2020

Product code NWQ3
Type of fund Managed fund. This fund is a Portfolio Investment Entity (PIE).
Investment objective To provide a Gross Return above the return of the Bloomberg NZBond Bank Bill Index on a rolling three year basis.
Investment approach The fund invests in a diversified exposure of fixed interest securities. At the total portfolio level the fund will have a shorter maturity than most traditional fixed interest funds. International fixed interest exposure includes international government and government-related securities, and corporate debt. The portfolio takes advantage of global opportunities, focusing on active positions on long-term trends as opposed to short term aberrations in interest rates. Returns are added through multiple sources to achieve consistency of returns. Foreign currency exposure is 100% hedged to New Zealand dollars. Environmental, Social and Governance characteristics are integrated into the underlying investment manager's investment process.
Fund net value $129.0 million
Product inception date 11 May 2012
Minimum suggested timeframe 2 years
Distribution frequency HalfYearly
Benchmark Bloomberg NZBond Bank Bill Index
Risk level (1-7) 2. Low
Platform access Aegis, FNZ and InvestNow

Unit Prices

As at 03 Aug 2020
Buy
1.11069
Sell
1.10536

Performance

As at 30 Jun 2020
1 Month 0.32%
3 Month 1.71%
1 Year 2.81%
3 Year 2.87%
5 Year 3.19%
Past performance is not a reliable indicator of future performance.

Important note: The unit prices displayed in this section are indicative only

Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices. During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section. For more information on how AMP Capital can help you, please speak to your Financial Adviser or call us on 0800 400 499.

Important notes: Past Performance

Past performance is not a reliable indicator of future performance.

Our fund performance figures are shown before tax, before fees and assume that income is reinvested. Neither AMP Capital Investors (New Zealand) Limited 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. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.

 

Product Disclosure Statements (PDSs) for the offer of the AMP Capital Investment Funds have been lodged with the Registrar of Financial Service Providers. The Cash and Fixed Interest Funds PDS can be obtained from our website and from the Disclose website www.business.govt.nz/disclose. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations. You can seek advice from a financial advisor to help you make an investment decision. The Manager and the Issuer of the Fund is AMP Investment Management (NZ) Limited, Meridian Building, Level 1, Queens Wharf, Wellington.

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