AMP Capital extends offering
AMP Capital has moved to make its Luxembourg-based UCITS platform Global Listed Infrastructure Fund and Global Real Estate Securities Fund available to institutional investors in Asia.
The company announced the move this week saying launch of the UCITS-compliant funds to Asian investors was part of AMP Capital’s long-term strategy to continue to grow its business in the region.
As well, it said it followed other significant developments over the past 12 months such as the joint venture with China Life.
AMP Capital chief executive International and Head of Global Clients, Anthony Fasso said the announcement marked the continued evolution of AMP Capital’s UCITS platform, which was launched in April with US$156 million in assets under management and targeting investors in the UK, the Netherlands and Luxembourg seeking pooled fund-access to AMP Capital’s global listed infrastructure and real estate capabilities.
“The extension of our UCITS platform to investors in Asia represents a milestone in AMP Capital’s development in the region,” he said. “UCITS is the most common investment vehicle in Asia and in particular we see significant investor demand in Hong Kong and Singapore.”
Recommended for you
The Financial Advice Association Australia has released its pre-budget submission, including six key items to help reduce the cost of professional advice and increase its accessibility.
Phil Anderson, general manager for financial advice at the FAAA, believes the CSLR levy could reach $100 million if Dixon Advisory complaints are allowed to continue.
Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs, a joint submission by seven major licensees said.
With 66 per cent of newly established advice licensees being sole advisers, what are the risks and legal ramifications to consider when taking the plunge into self-licensing?