AMP’s investment management arm, AMP Capital, has aligned with Aussie ETF provider BetaShares to launch three funds: the AMP Capital Dynamic Markets Fund, the AMP Capital Global Property Securities Fund and the AMP Capital Global Infrastructure Securities Fund.
They will be actively managed by AMP Capital’s investment teams.
The funds will replicate strategies of existing funds of the same name, AMP Capital said, and are expected to have wide appeal among SMSF trustees.
Funds will be able to be bought and sold during the trading day like any share on the ASX.
AMP Capital's director of Australia and New Zealand, Craig Keary, said AMP Capital is excited to be working in alliance with BetaShares to bring the first-ever AMP Capital exchange-traded managed funds to customers.
“Investors will be able to choose to invest via a traditional managed fund on platform, through the ASX mFund service and now via an exchange-traded managed fund in alliance with BetaShares,” said Mr Keary.
BetaShares managing director Alex Vynokur said the alliance is a natural step in the evolution of the Australian market for exchange-traded products, bringing together the expertise of the two groups to deliver a new set of investment solutions.
“Our research indicates a significant opportunity for active exchange-traded managed funds in Australia,” said Mr Vynokur.
“The recently released BetaShares/Investment Trends ETF Report found that 61 per cent of financial planners are interested in using these funds as part of their investment process.”