AMP Capital has launched a global equity fund aimed at delivering double-digit annualised absolute returns which will invest in a concentrated portfolio of between 25 and 35 companies.
The company said that the fund would focus on absolute risk and return, not benchmarks, with a long-term investment time horizon and low portfolio turnover.
Also, the fund would aim at ‘thematic drivers’ which would include, where possible, environmental, social and governance (ESG) themes and would look at changing demographic trends that drive change across consumption, healthcare and technology.
The investment team would be based in both London and Sydney which would be expected to enable coverage across time zones.
AMP Capital’s global chief investment officer, equities, David Allen, said: “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,” he said.
AMP Capital also announced it intended to launch additional global equity products in the coming years.
