AMP Capital Commodities Fund

How the Fund works

The Commodities Fund aims to provide you with a diversified exposure to global commodities.

How does the Fund meet your needs?

  • A simple way of obtaining commodities exposure

    The fund uses financial derivatives fully backed by cash held by AMP Capital to obtain its commodity exposure. Investors gain exposure to and benefit from investment in underlying commodities without actually having to own them.

  • Diversification

    The commodities exposure is linked to the Bloomberg Commodities Index, which covers a broad basket of commodity futures encompassing agriculture, livestock, precious metals, industrial metals and energy. The fund offers a way to diversify away from traditional global markets, as commodities historically have a low correlation to shares and bonds.

  • Return potential

    Provides you with the opportunity to benefit from the expected long-term return potential associated with global commodities. The investment takes advantage of market inefficiencies in the pricing structure of commodities futures, resulting in an expected modest excess return pick-up over the Bloomberg Commodity Index.

  • Currency management

    The principal is held in New Zealand dollars so foreign currency exposure is minimal.

Fund facts as at 30 September 2020

Product code NWCF
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 Commodity Index, fully hedged to New Zealand dollars on a rolling three year basis.
Investment approach The investment strategy aims to modestly outperform the Bloomberg Commodities Index, which covers a broad basket of commodity futures encompassing agriculture, livestock, precious metals, industrial metals and energy. The investment takes advantage of market inefficiencies in the pricing structure of commodity futures. The fund uses financial derivatives fully backed by cash. As the principal is held in New Zealand dollars, foreign currency exposure is minimal.
Fund net value $76.2 million
Fund inception date 11 May 2012
Minimum suggested timeframe 5 years
Benchmark Bloomberg Commodities Index Hedged NZD
Risk level (1-7) 5. Medium to High
Platform access FNZ and InvestNow

Unit Prices

As at 24 Nov 2020
Buy
0.68195
Sell
0.67991

Performance

As at 31 Oct 2020
1 Month 0.65%
3 Month 4.28%
1 Year -8.39%
3 Year -4.54%
5 Year -1.22%
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 Property, Infrastructure and Commodities 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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