How the Fund works
The Core Hedged Global Shares Fund invests in shares listed on share markets around the world, and is fully hedged to the New Zealand dollar. The Fund’s exposure to global shares is through investment in the Core Global Shares Fund.
How does the Fund meet your needs?
A simple way of accessing global share investments
The fund invests in equities across the world’s core developed markets, which are actively managed using a multi-manager approach. This provides you with a simple and easy way of accessing a range of share investments in overseas markets.
A global approach is used to better position the portfolio to capture global market themes. The fund also provides diversification by region, manager and style, with the aim of delivering you with more stable returns.
Access to some of the world’s best investment managers
The fund has exposure to a range of investment managers, selected by AMP Capital Australia’s specialist multi-manager team. Through active management we can rotate different manager styles, which enables the portfolio to respond quickly to changes in market conditions.
Currency risks managed through hedging
Movements in the foreign exchange rate have an impact on offshore investments. To help manage this risk, the Fund is fully hedged to the New Zealand dollar.
Fund facts as at 31 March 2020
|Product code||AIF HI|
|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 MSCI World ex Tobacco Index with net dividends reinvested (139% gross hedged to the New Zealand dollar) on a rolling three year basis.|
|Investment approach||The fund's exposure to global shares is through investment in the Core Global Shares Fund. The Core Global Shares Fund invests in a diversified portfolio of international shares using a range of investment managers. By actively managing its exposure to each underlying investment manager, the Core Global Shares Fund is able to respond to changes in market themes which can drive share markets. The underlying funds are PIE funds and the majority of these funds hold shares directly. Environmental, Social and Governance characteristics are integrated into the underlying investment managers' investment processes. The fund targets a position of being 139% gross hedged to the New Zealand dollar. The hedges are based on the currency components of the underlying index.|
|Fund net value||$470.0 million|
|Product inception date||01 Oct 2007|
|Minimum suggested timeframe||5 years|
|Benchmark||MSCI World (ex Tobacco) Index with net dividends reinvested (139% gross hedged to the New Zealand dollar) on a rolling three year basis.|
|Risk level (1-7)||6. High|
|Platform access||Aegis, FNZ and InvestNow|
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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 Global Shares 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.