Not for release or distribution in the US
AMP Capital has launched its new Global Equity Fund, which aims to deliver double-digit annualised absolute returns across a market cycle, with lower volatility than equity markets.
The AMP Capital Global Equity Fund is long-only and is the inaugural fund in AMP Capital’s new global equities range.
The fund will focus on absolute risk and return, not benchmarks, and invest in a concentrated portfolio of between 25 and 35 exceptional companies with strong current or anticipated cash generation. The investment time horizon will be long term, leading to low portfolio turnover.
The fund will seek tailwinds of thematic drivers and, where possible, environmental, social and governance tailwinds. Favoured investment themes include changing demographic trends, which will drive major changes in future global patterns of consumption and healthcare, and technology.
David Allen, AMP Capital’s Global Chief Investment Officer, Equities, said: “The launch of the AMP Capital Global Equity Fund is a defining moment for AMP Capital. It represents a highly differentiated investment opportunity for clients following years of work by our team and it is also a trailblazer for how we plan to re-position our broader equity fund range over time. We have built a global equity capability that stands apart from its peers and is in line with what clients tell us they want: process transparency, absolute capital growth, reduced volatility and downside protection. Importantly, the fund seeks to deliver absolute outcomes as it is benchmark unaware.
“We’ve taken a high-conviction approach, investing in a small number of exceptional companies with outstanding prospects, that have dependable and persistent cash-backed returns on capital. As we are not bound to a benchmark, sector or country, these are names that we think are the best stocks globally and will deliver the performance to meet our clients’ goals.”
Mr Allen said AMP Capital’s new global equity fund is underpinned by a strong and collaborative team culture.
“We believe our star team approach – rather than that of a star portfolio manager – leads to better and more sustainable outcomes for clients by managing individual behavioural biases and reducing key person risk,” Mr Allen said.
The investment team is based in London and Sydney, drawing on the strength of the investment professionals in both regions and enabling coverage across time zones.
AMP Capital intends to launch additional global equity products in the coming years.
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This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.