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 June 2018

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 the New Zealand dollar on a rolling three year basis.
Investment approach The fund is managed using an excess return swap arrangement. The excess return swap exchanges the difference between the commodity index total return and the return on US cash.
Fund net value $171.9 million
Product inception date 04 October 2011
Minimum suggested timeframe Long term (minimum five years)
Benchmark Bloomberg Commodity Index 100% hedged to the New Zealand dollar on a three year rolling basis.
Platform access Direct with AMP Capital, Aegis, FNZ.

Risk Indicator

Risk indicators

Unit Prices

As at 13 Aug 2018
Buy
0.76378
Sell
0.75998

Performance

As at 31 Jul 2018
1 Month -1.98%
3 Month -4.18%
1 Year 4.59%
3 Year 1.81%
5 Year -3.47%
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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