Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New products hit market for SMSF investors

AMP has joined forces with a major player in the managed funds space to launch three new offerings on the ASX.

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.

Advertisement
Advertisement

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.”

New products hit market for SMSF investors
default
nestegg logo
subscribe to our newsletter sign up
FROM THE WEB
Recommended by Spike Native Network
Anonymous - There are so many crackdowns by the ATO it’s a wonder that anyone has enough unbroken bones on which to walk.....
Anonymous - Low as in a new low for scoundrels depleting your savings?....
Bronson - I love you Brenton please write more....
The Patriot - It seems madness to lower interest rates when we know that we will need room to drop later as the economy slows on back of China slowing. If wages do.......