AMP Capital has made it easier for self-managed super fund (SMSF) investors to access listed infrastructure by adding its flagship global fund to the SMSF Suite.
The AMP Capital Global Listed Infrastructure Fund was established in July 2010 and the capability already has more than A$1 billion in assets under management from both institutional and retail investors.
The fund takes advantage of one of the biggest investment thematics globally: the need for both developed and emerging economies to increase their investment in infrastructure. This is driving strong performance in listed companies that are contributing to the infrastructure boom and, subsequently, the asset class.
AMP Capital Head of SMSF Tim Keegan said: “We have added the AMP Capital Global Listed Infrastructure Fund to the SMSF Suite because it can be difficult for SMSF investors to access the best opportunities in listed infrastructure on their own. Listed infrastructure is a relatively new asset class, which presents a lot of good growth opportunities particularly given our fund looks internationally for the best investments.”
AMP Capital Head of Global Listed Infrastructure Tim Humphreys said the fund only invests in what is considered ‘core and pure’ listed infrastructure assets such as water utilities, oil and gas pipelines, electricity transmission and distribution and transportation infrastructure such as airports, toll roads and seaports.
“We look for companies that deliver stable and predictable cash flows as this helps us deliver strong returns and downside protection to investors,” Mr Humphreys said. “SMSF investors can benefit from the diversification global listed infrastructure offers their portfolios while its high dividend yield will help them meet their income goals. It is also a low-risk way to access the growth potential of global equities.”
The SMSF Suite was launched in May with the AMP Capital Corporate Bond Fund and Wholesale Australian Property Fund. There has been a five-fold increase in flows to both funds since the launch of the suite.
Mr Keegan noted: “Through the SMSF Suite, we’re able to bring our customers unique investment opportunities they may not have otherwise considered or been able to access.
“SMSF trustees like the fact we’ve lowered the minimum investment for the Wholesale Australian Property Fund to $10,000 and they have also flocked to the Corporate Bond Fund, which is now the most popular AMP Capital fund among our SMSF clients.
“We’re looking forward to expanding the SMSF Suite next year to bring our customers additional investment options in equities, property and infrastructure.”